Joy Global sees encouraging signs but not expecting 'near term impact' The company CEO sees encouraging signs in the market but the impact of the turn in conditions will not impact the company in the 'near term.' "I think that we are seeing some encouraging but early signs of market improvement; however.. the impact on us is more likely to be on the horizon and around the corner so we don't expect it to have the near term impact and there for we'll continue to focus on reducing our cost and streamlining our business and that's going to allow us to respond better to those upside opportunities."
News For JOY From The Last 14 Days
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Joy Global calls active on rumor of investor stake into release of Q4 Joy Global December 55 and 57 are active on total call volume of 2800 contracts (300 puts) on speculation of an investor stake into the expected release of Q4 results on December 11. December weekly call option implied volatility is at 51, December is at 38, January is at 34, April is at 29; compared to its 26-week average of 34 according to Track Data. Active volume suggesting traders taking positions for price movement.
Joy Global spikes higher, levels to watch Shares have spiked a percent in the last several minutes with price last at $56.87. At current price next resistance is at $57.77. Support is at $55.90. There are unconfirmed rumors of an investor stake being taken in the company which may be sending the shares higher.