Joy Global (JOY) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $33.97 million worth of transactions were on upticks, whereas, the downticks accounted for $31.81 million worth of transactions. The net money flow was a positive $2.16 million and the uptick to downtick ratio was 1.07. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.17 in their favor. The net money flow into the stock was $2.07 million. The value of block trades done on downticks was only $11.93 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $14.01 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Joy Global (JOY) was trading at $28.1, down $0.1 during day. The stock slid -0.35% over the previous days close. For the week, the stock recorded 21.17% over the previous weeks close.
Joy Global (JOY) : 7 Wall Street analysts covering Joy Global (JOY) believe that the average level the stock could reach for the short term is $24.71. The maximum price target given is $28 and the minimum target for short term is around $20, hence the standard deviation is calculated at $2.98.
Joy Global (NYSE:JOY): On Fridays trading session , Opening price of the stock was $28.01 with an intraday high of $28.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.9. However, the stock managed to close at $27.95, a loss of 0.89% for the day. On the previous day, the stock had closed at $28.2. The total traded volume of the day was 11,924,244 shares.
In a related news, Doheny Edward L Ii, CEO of Joy Global Inc had purchased 10,000 shares on January 6, 2016 in a transaction. The price per share was $11.2 and the total amount of the disclosed transaction was $112,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.