Joy Global (NYSE:JOY) has climbed 2.67% in the past week and advanced 40.57% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.9% and the outperformance has advanced to 39.29% for the last 4 weeks period.
Joy Global (NYSE:JOY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.11 and $21.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.28, notching a gain of 1.36% for the day. The total traded volume was 4,225,417 . The stock had closed at $21.98 on the previous day.
The company shares have dropped -41.61% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $38.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.82 and the 200 Day Moving Average price is recorded at $14.96.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Joy Global Inc, Doheny Edward L Ii had purchased shares worth of $112,000 in a transaction dated on January 6, 2016. A total of 10,000 shares were purchased at a price of $11.2 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. FBR Capital upgrades its rating on Joy Global (NYSE:JOY). Analysts at the FBR Capital have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 0.99% of Joy Global shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 3.74%.
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.