The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ball Corp shares valued at $12,407,500 were purchased by Participayoes lndustriais do N on Feb 14 ’25. At $49.63 per share, Participayoes lndustriais do N acquired 250,000 shares.
Also, Glew Mandy purchased 563 shares, netting a total of over 38,367 in proceeds. Following the buying of shares at $68.15 each, the insider now holds 3,563 shares.
Before that, Fisher Daniel William had sold 5,802 shares from its account. In a trade valued at $346,795, the President & C.E.O. traded Ball Corp shares for $59.77 each. Upon closing the transaction, the insider’s holdings decreased to 5,802 shares, worth approximately $5.79 million.
As published in a research note from Wells Fargo on January 16, 2025, Ball Corp [BALL] has been rated down from an Equal weight to an Underweight and the price target has been revised to $49 from $56. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 10, 2024, Mizuho has increased its “Neutral” rating to a “an Outperform” for BALL. Earlier on September 04, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for BALL stock which previously was a “an Equal-weight”.
Analyzing BALL Stock Performance
During the last five days, there has been a drop of approximately -2.62%. Over the course of the year, Ball Corp shares have dropped approximately -11.05%. Shares of the company reached a 52-week high of $57.02 on 01/30/25 and a 52-week low of $48.95 on 02/19/25. A 50-day SMA is recorded $54.38, while a 200-day SMA reached $61.87. Nevertheless, trading volume fell to 2.68 million shares from 2.69 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 48.78, which, if violated, would cause prices to drop to 48.53. In the upper region, resistance lies at 49.46. The next price resistance is at 49.89. RSI (Relative Strength Index) is 27.33 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 98.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
