SkyPeople Fruit Juice (SPU) : Traders are bullish on SkyPeople Fruit Juice (SPU) as it has outperformed the S&P 500 by a wide margin of 313.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 205.47%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 210.04% in the last 1 week, and is up 331.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 213.6% and the 50-Day Moving Average is 255.33%.
SkyPeople Fruit Juice (NASDAQ:SPU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.80 and $4.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.55, notching a gain of 65.21% for the day. The total traded volume was 5,234,327 . The stock had closed at $4.57 on the previous day.
The company Insiders own 50.2% of SkyPeople Fruit Juice shares according to the proxy statements. Institutional Investors own 11.85% of SkyPeople Fruit Juice shares.
SkyPeople Fruit Juice Inc. is a holding company. The Company has two direct wholly owned subsidiaries: Pacific Industry Holding Group Co. Ltd. (Pacific) and Harmony MN Inc. (Harmony). Through its indirect subsidiaries in the Peoples Republic of China the Company is engaged in the production and sale of fruit juice concentrates ( including fruit purees concentrated fruit purees and concentrated fruit juices); fruit beverages ( including fruit juice beverages and fruit cider beverages) and other fruitrelated products ( including primarily organic and nonorganic fresh fruits dried fruit preserved fruit fructose) in and from the Peoples Republic of China. The Companys core products include fruit juice concentrates mainly including concentrated apple pear and kiwi juices; fruit beverages including pure fruit beverages and fruit cider beverages; and other fruitrelated products including fresh fruits and vegetables and fructose.