Joy Global Inc. (JOY) Moves Lower on Volume Spike for March 10

Equities Staff  |

Joy Global Inc. (JOY) traded on unusually high volume on Mar. 10, as the stock lost 0.04% to close at $28.16. On the day, Joy Global Inc. saw 2.49 million shares trade hands on 4,647 trades. Considering that the stock averages only a daily volume of 1.01 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $28.55 and $14.04 over the last 52-weeks, its 50-day SMA is now $28.13, and its 200-day SMA $26.46. Joy Global Inc. has a P/B ratio of 2.01.

Joy Global Inc is a manufacturer and servicer of productivity mining equipment for the extraction of coal and other minerals and ores. It manufactures and markets original equipment and parts and perform services for both underground and surface mining.

Headquartered in Milwaukee, WI, Joy Global Inc. has 10,000 employees and is currently under the leadership of CEO Edward L. Doheny.

For a complete fundamental analysis analysis of Joy Global Inc., check out’s Stock Valuation Analysis report for JOY.

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To get more information on Joy Global Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: JOY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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