SkyPeople's Turbulent Summer Flight Continues

The incredible summer volatility in Skypeople Fruit Juice Inc SPU has spilled over into September, as shares of the Chinese fruit juice company were surging more than 13.5 percent in early Friday trading.

Incredibly, SkyPeople’s stock is now up 557.1 percent in the past three months of trading. The big move higher happened in July, but the reasons behind the move are a bit unclear. The company claims that the buying volume came on rumors that Future World Group would make a bid for SkyPeople.

Related Link: Terms Of The Trade: Modern Portfolio Theory

Whatever the reason, the thinly-traded stock soared as high as $20.95 by late July before pulling back to as low as $5.92 by late August.

After once again spiking to a high of $10.25 in pre-market trading on August 30, the stock initially plummeted to $8.80 after the release of a GeoInvesting report discussing a potential deal between a SkyPeople subsidiary and a Chinese State-Owned Enterprise (SOE) that would value SkyPeople’s shares at about $25.

The media initially reported the news as negative. When GeoInvesting corrected the reports, the stock shot up 40 percent on August 31.

To add to all the uncertainty surrounding the stock, the SEC sent a Notice of Delisting to SkyPeople back on August 19 for its failure to file its form 10-Q on time. The SEC gave SkyPeople until September 1 to produce a plan for filing their 10-Q before risking a de-listing from the NASDAQ. So far, the company has still not filed its 10-Q.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted In: GeoInvestingAnalyst ColorLong IdeasNewsShort SellersShort IdeasTechnicalsAnalyst RatingsMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.