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Analyzing Ball Corp (BALL) After Recent Trading Activity

In a filing, Ball Corp revealed its President & C.E.O. Fisher Daniel William unloaded Company’s shares for reported $0.35 million on Nov 20 ’24. In the deal valued at $59.77 per share,5,802 shares were sold. As a result of this transaction, Fisher Daniel William now holds 118,043 shares worth roughly $6.49 million.

Then, DANIEL W. FISHER bought 5,802 shares, generating $346,795 in total proceeds.

Before that, Mariani Pedro Henrique sold 5,000 shares. Ball Corp shares valued at $349,486 were divested by the Director at a price of $69.90 per share. As a result of the transaction, Mariani Pedro Henrique now holds 9,844 shares, worth roughly $0.54 million.

Mizuho upgraded its Ball Corp [BALL] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early September from “an Equal-weight” to “an Overweight”. Robert W. Baird also remained covering BALL and has increased its forecast on August 14, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Truist revised its rating on June 25, 2024. It rated BALL as “a Buy” which previously was an “a Hold”.

Price Performance Review of BALL

On Monday, Ball Corp [NYSE:BALL] saw its stock fall -1.50% to $54.99. Over the last five days, the stock has lost -1.45%. Ball Corp shares have fallen nearly -4.40% since the year began. Nevertheless, the stocks have fallen -5.11% over the past one year. While a 52-week high of $71.32 was reached on 04/30/24, a 52-week low of $54.06 was recorded on 01/19/24. SMA at 50 days reached $60.27, while 200 days put it at $64.03.

Levels Of Support And Resistance For BALL Stock

The 24-hour chart illustrates a support level at 54.69, which if violated will result in even more drops to 54.39. On the upside, there is a resistance level at 55.47. A further resistance level may holdings at 55.96. The Relative Strength Index (RSI) on the 14-day chart is 30.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.05%. Stochastics %K at 17.29% indicates the stock is a buying.

How much short interest is there in Ball Corp?

A steep rise in short interest was recorded in Ball Corp stocks on 2024-12-13, growing by 1.08 million shares to a total of 6.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.74 million shares. There was a rise of 15.87%, which implies that there is a positive sentiment for the stock.

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