Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ball Corp. shares valued at $249,767 were purchased by Fisher Daniel William on Mar 14 ’24. At $64.56 per share, Fisher Daniel William acquired 3,869 shares. The insider’s holdings grew to 111,866 shares worth approximately $7.47 million following the completion of this transaction.
Also, Lewis Ronald J. purchased 4,637 shares, netting a total of over 249,976 in proceeds. Following the buying of shares at $53.91 each, the insider now holds 29,797 shares.
Before that, Goodwin Deron had sold 500 shares from its account. In a trade valued at $26,425, the Vice President & Treasurer traded Ball Corp. shares for $52.85 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.8 million.
As published in a research note from Barclays on April 04, 2024, Ball Corp. [BALL] has been rated down from an Overweight to an Equal weight and the price target has been revised to $71 from $66. As of March 18, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for BALL. Earlier on March 04, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for BALL stock which previously was a “an Underperform”.
Analyzing BALL Stock Performance
During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Ball Corp. shares have jumped approximately 16.08%. Shares of the company reached a 52-week high of $67.97 on 04/01/24 and a 52-week low of $54.06 on 01/19/24. A 50-day SMA is recorded $63.43, while a 200-day SMA reached $56.08. Nevertheless, trading volume fell to 1.69 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Ball Corp. (BALL)
According to the 24-hour chart, there is a support level at 66.04, which, if violated, would cause prices to drop to 65.30. In the upper region, resistance lies at 67.16. The next price resistance is at 67.54. RSI (Relative Strength Index) is 59.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 42.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ball Corp. subject to short interest?
Stocks of Ball Corp. saw a sharp rise in short interest on Mar 28, 2024 jumping by 70000.0 shares to 10.31 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 10.24 million shares. A jump of 0.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.81 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.81.
