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Actionable news in SPU: SkyPeople Fruit Juice, Inc.,

Sell SkyPeople: Recent Bullishness Is Based On Unsubstantiated News

Summary

SPU’s stock price has gone up by over 750% in the last few weeks.

NASDAQ halted SPU’s trading of common stock on July 15 and asked the management to explain the “unusual activity”.

SPU said in a press release that the recent bullishness was due to an unsubstantiated rumor in the domestic press.

The current price level offers an excellent opportunity for secondary investors reduce their exposure.

Company Overview

Xi'an, China, based SkyPeople Fruit Juice Inc (NASDAQ:SPU) is a holding company trading publicly on NASDAQ...


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