Ball Corp.’s recently made public that its President & C.E.O. Fisher Daniel William acquired Company’s shares for reported $0.25 million on Mar 14 ’24. In the deal valued at $64.56 per share,3,869 shares were bought. As a result of this transaction, Fisher Daniel William now holds 111,866 shares worth roughly $7.44 million.
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Then, Lewis Ronald J. bought 4,637 shares, generating $249,976 in total proceeds. Upon buying the shares at $53.91, the SR VP & COO now owns 29,797 shares.
Before that, Goodwin Deron sold 500 shares. Ball Corp. shares valued at $26,425 were divested by the Vice President & Treasurer at a price of $52.85 per share. As a result of the transaction, Goodwin Deron now holds 12,001 shares, worth roughly $0.8 million.
Morgan Stanley initiated its Ball Corp. [BALL] rating to an Equal-weight in a research note published on March 18, 2024; the price target was $68. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early March from “an Underperform” to “a Buy”. Wolfe Research began covering BALL with “Peer perform” recommendation on March 01, 2024. RBC Capital Mkts revised its rating on February 20, 2024. It rated BALL as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of BALL
On Monday, Ball Corp. [NYSE:BALL] saw its stock jump 0.42% to $66.50. Over the last five days, the stock has gained 2.66%. Ball Corp. shares have risen nearly 15.61% since the year began. Nevertheless, the stocks have risen 26.59% over the past one year. While a 52-week high of $66.40 was reached on 03/25/24, a 52-week low of $42.81 was recorded on 01/19/24. SMA at 50 days reached $61.05, while 200 days put it at $55.42. A total of 1.3 million shares were traded, compared to the trading of 1.27 million shares in the previous session.
Levels Of Support And Resistance For BALL Stock
The 24-hour chart illustrates a support level at 66.11, which if violated will result in even more drops to 65.71. On the upside, there is a resistance level at 66.80. A further resistance level may holdings at 67.09. The Relative Strength Index (RSI) on the 14-day chart is 69.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.31%. Stochastics %K at 85.70% indicates the stock is a selling.
How much short interest is there in Ball Corp.?
A steep rise in short interest was recorded in Ball Corp. stocks on Feb 29, 2024, growing by 0.7 million shares to a total of 10.24 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 9.54 million shares. There was a rise of 6.84%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.61.
The most recent change occurred on January 16, 2024 when UBS began covering the stock and recommended ‘”a Sell”‘ rating along with a $55 price target.
