Ball Corporation (BLL) : Traders are bullish on Ball Corporation (BLL) as it has outperformed the S&P 500 by a wide margin of 13.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.45% in the last 1 week, and is up 14.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.49% and the 50-Day Moving Average is 10.66%. Ball Corporation (NYSE:BLL): On Fridays trading session , Opening price of the stock was $80.65 with an intraday high of $81. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $79.94. However, the stock managed to close at $80.3, a loss of 0.32% for the day. On the previous day, the stock had closed at $80.56. The total traded volume of the day was 1,042,392 shares.
The company Insiders own 3.5% of Ball Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 5.32% . Institutional Investors own 85.59% of Ball Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 6.37%. Also, Vertical Research downgrades their rating on the shares of Ball Corporation (NYSE:BLL). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 5, 2016.
Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company operates in four segments. The metal beverage packaging, Americas and Asia segment consists of operations in the United States, Canada, Brazil and the PRC, which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging, Europe segment consists of operations in Europe, which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States, Europe, Canada, Mexico and Argentina that manufacture and sell metal food, aerosol, paint, general line and extruded aluminum containers, decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense, civil space and commercial space industries.