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Recent Insider Activity Suggests Potential Gains for Ball Corp. (BALL)

In a filing, Ball Corp. revealed its Director Mariani Pedro Henrique unloaded Company’s shares for reported $0.35 million on May 17 ’24. In the deal valued at $69.90 per share,5,000 shares were sold. As a result of this transaction, Mariani Pedro Henrique now holds 9,844 shares worth roughly $0.65 million.

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Then, Fisher Daniel William bought 3,869 shares, generating $249,767 in total proceeds. Upon buying the shares at $64.56, the President & C.E.O. now owns 111,866 shares.

Before that, Lewis Ronald J. bought 4,637 shares. Ball Corp. shares valued at $249,976 were divested by the SR VP & COO at a price of $53.91 per share. As a result of the transaction, Lewis Ronald J. now holds 29,797 shares, worth roughly $1.97 million.

Morgan Stanley upgraded its Ball Corp. [BALL] rating to an Overweight from a an Equal-weight in a research note published on September 04, 2024; the price target was increased to $78 from $69. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “an Outperform”. Truist also remained covering BALL and has increased its forecast on June 25, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on April 04, 2024. It rated BALL as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of BALL

On Monday, Ball Corp. [NYSE:BALL] saw its stock fall -1.58% to $66.19. Over the last five days, the stock has gained 1.22%. Ball Corp. shares have risen nearly 15.07% since the year began. Nevertheless, the stocks have risen 46.57% over the past one year. While a 52-week high of $71.32 was reached on 04/30/24, a 52-week low of $42.81 was recorded on 01/19/24. SMA at 50 days reached $65.15, while 200 days put it at $64.04.

Levels Of Support And Resistance For BALL Stock

The 24-hour chart illustrates a support level at 65.69, which if violated will result in even more drops to 65.18. On the upside, there is a resistance level at 66.95. A further resistance level may holdings at 67.70. The Relative Strength Index (RSI) on the 14-day chart is 52.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.83%. Stochastics %K at 72.46% indicates the stock is a holding.

How much short interest is there in Ball Corp.?

A steep rise in short interest was recorded in Ball Corp. stocks on 2024-09-30, dropping by -0.37 million shares to a total of 5.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.13 million shares. There was a decline of -6.44%, which implies that there is a negative sentiment for the stock.

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