Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ball Corporation shares valued at $5,840,173 were sold by HAYES JOHN A on Feb 06. At $58.40 per share, HAYES JOHN A sold 100,000 shares. The insider’s holdings dropped to 480,552 shares worth approximately $27.64 million following the completion of this transaction.
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Also, Fisher Daniel William purchased 6,400 shares, netting a total of over 348,317 in proceeds. Following the buying of shares at $54.42 each, the insider now holds 107,997 shares.
Before that, NIEKAMP CYNTHIA A had added 2,000 shares to its account. In a trade valued at $103,620, the Director bought Ball Corporation shares for $51.81 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.63 million.
As published in their initiating research note from UBS on September 15, 2022, Ball Corporation [BALL] has been a Neutral and the price target has been revised to $64. This represents a 10.14% premium over Thursday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 05, 2022, Deutsche Bank has decreased its “Buy” rating to a “Hold” for BALL. Earlier on August 05, 2022, Atlantic Equities downgraded its rating. Their new recommendation was “a Neutral” for BALL stock which previously was a “an Overweight”.
Analyzing BALL Stock Performance
On Thursday, Ball Corporation [NYSE: BALL] plunged -0.07% to $57.51. The stock’s lowest price that day was $56.48, but it reached a high of $57.75 in the same session. During the last five days, there has been a drop of approximately -2.49%. Over the course of the year, Ball Corporation shares have jumped approximately 12.46%. Shares of the company reached a 52-week high of $62.14 on 02/02/23 and a 52-week low of $51.26 on 01/03/23. A 50-day SMA is recorded $55.41, while a 200-day SMA reached $59.11. Nevertheless, trading volume fell to 1.98 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for Ball Corporation (BALL)
According to the 24-hour chart, there is a support level at 56.74, which, if violated, would cause prices to drop to 55.98. In the upper region, resistance lies at 58.01. The next price resistance is at 58.52. RSI (Relative Strength Index) is 52.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 50.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ball Corporation subject to short interest?
Stocks of Ball Corporation saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.73 million shares to 14.9 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 14.17 million shares. A jump of 4.9% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.5 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.5.
Which companies own the most shares of Ball Corporation (BALL)?
According to The Vanguard Group, Inc. filings, the company currently owns 34,240,256 shares, which is about 10.91% of the total BALL shares outstanding. The investor’s shares have appreciated by 360,941 from its previous 13-F filing of 33879315.0 shares. With the completion of the buy transaction, Parnassus Investments LLC’s stake is now worth $1,009,031,937. BlackRock Fund Advisors reduced a -2.13% interest valued at $918.14 million while T. Rowe Price Investment Manageme purchased a 6,641 stake. A total of 5,366 shares of Ball Corporation were bought by SSgA Funds Management, Inc. during the quarter, and 262,165 were bought by T. Rowe Price Associates, Inc. In its current portfolio, Geode Capital Management LLC holds 6,663,282 shares valued at $388.07 million.
In terms of Ball Corporation share price expectations, FactSet research, analysts set an average price target of $59.97 in the next 12 months, up nearly 1.65% from the previous closing price of $57.55. Analysts anticipate Ball Corporation stock to reach $76.00 by 2023, with the lowest price target being $51.00. In spite of this, 19 analysts ranked Ball Corporation stock as a Hold at the end of 2023. On August 04, 2022, Truist assigned a price target of “a Hold” to the stock and downgraded coverage with a $93.