iPath Bloomberg Cocoa Subindex Total Return(SM) ETN (NYSEARCA:NIB) Shares Up 1.7% – Time to Buy?

iPath Bloomberg Cocoa Subindex Total Return(SM) ETN (NYSEARCA:NIBGet Free Report)’s stock price shot up 1.7% during mid-day trading on Monday . The company traded as high as $36.29 and last traded at $36.29. 500 shares traded hands during trading, a decline of 95% from the average session volume of 10,939 shares. The stock had previously closed at $35.70.

iPath Bloomberg Cocoa Subindex Total Return(SM) ETN Stock Up 1.7 %

The company has a 50 day moving average price of $36.29 and a two-hundred day moving average price of $36.29.

About iPath Bloomberg Cocoa Subindex Total Return(SM) ETN

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NIDEC Corporation manufactures and sells electric motors and related components and equipment worldwide. It offers hard disk drives spindle motors and other small precision motors for optical disk drives, electronic cooling fans, refrigerators, DVD recorders, laser printers, copiers, polygon scanners, automobiles, and other applications, as well as vibration mechanism for mobile phones.

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