Joy Global (JOY) : Mondays money flow data in Joy Global (JOY) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $9.64 million, whereas, $6.19 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.56, in favor of the bulls. The total money flow into the stock was $3.46 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $4.49 million. The total value of block trades done on upticks was $5.1 million. The value of bearish trades on downticks was only $0.61 million.The up/down ratio in the block trades was a healthy 8.31 in favor of the bulls, suggesting strong buying in the stock by large traders. Joy Global (JOY) fell $0.26 and traded at $22.93, down -1.12% for the day, over previous days close. On a weekly basis, the shares are 4.61% over the previous weeks close.
Joy Global, Inc. is up 29.53% in the last 3-month period. Year-to-Date the stock performance stands at 90.77%. Shares of Joy Global, Inc. rose by 6.9% in the last five trading days and 9.38% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Joy Global Inc, Doheny Edward L Ii, had purchased 10,000 shares in a transaction dated on January 6, 2016. The transaction was executed at $11.2 per share with total amount equaling $112,000.
Joy Global (NYSE:JOY): stock turned positive on Monday. Though the stock opened at $23.01, the bulls momentum made the stock top out at $24.07 level for the day. The stock recorded a low of $22.81 and closed the trading day at $24.03, in the green by 3.62%. The total traded volume for the day was 3,599,246. The stock had closed at $23.19 in the previous days trading.
Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. The Companys equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals. The Company operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. The Company is a manufacturer of underground mining machinery for the extraction of coal and other bedded minerals and offer service locations near major mining regions worldwide. The Company is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining.