Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ball Corp. shares valued at $349,486 were sold by Mariani Pedro Henrique on May 17 ’24. At $69.90 per share, Mariani Pedro Henrique sold 5,000 shares. The insider’s holdings dropped to 9,844 shares worth approximately $0.64 million following the completion of this transaction.
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Also, Fisher Daniel William purchased 3,869 shares, netting a total of over 249,767 in proceeds. Following the buying of shares at $64.56 each, the insider now holds 111,866 shares.
Before that, Lewis Ronald J. had added 4,637 shares to its account. In a trade valued at $249,976, the SR VP & COO bought Ball Corp. shares for $53.91 each. Upon closing the transaction, the insider’s holdings increased to 4,637 shares, worth approximately $1.93 million.
As published in a research note from Morgan Stanley on September 04, 2024, Ball Corp. [BALL] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $78 from $69. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid August. As of June 25, 2024, Truist has increased its “Hold” rating to a “Buy” for BALL. Earlier on April 04, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for BALL stock which previously was a “an Overweight”.
Analyzing BALL Stock Performance
During the last five days, there has been a drop of approximately -3.28%. Over the course of the year, Ball Corp. shares have jumped approximately 12.34%. Shares of the company reached a 52-week high of $71.32 on 04/30/24 and a 52-week low of $54.06 on 01/19/24. A 50-day SMA is recorded $65.33, while a 200-day SMA reached $64.16. Nevertheless, trading volume fell to 1.48 million shares from 1.15 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 64.26, which, if violated, would cause prices to drop to 63.89. In the upper region, resistance lies at 65.21. The next price resistance is at 65.80. RSI (Relative Strength Index) is 43.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 71.87%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
