Ball Corporation (BLL) : Traders are bullish on Ball Corporation (BLL) as it has outperformed the S&P 500 by a wide margin of 7.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.52%, 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 12% in the last 1 week, and is up 10.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ball Corporation (NYSE:BLL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.51 and $77.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.15, notching a gain of 0.82% for the day. The total traded volume was 3,312,515 . The stock had closed at $78.51 on the previous day.
The stock has recorded a 20-day Moving Average of 11.18% and the 50-Day Moving Average is 10.29%. Ball Corporation is up 10.99% in the last 3-month period. Year-to-Date the stock performance stands at 9.24%.
Ball Corporation (BLL) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $86 and the lowest price target forecast is $75. The average forecast of all the analysts is $81.2 and the expected standard deviation is $4.49.
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.