Ball Corporation (BLL) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $10.56 million worth of transactions were on upticks, whereas, the downticks accounted for $6.39 million worth of transactions. The net money flow was a positive $4.18 million and the uptick to downtick ratio was 1.65. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 6.08 in their favor. The net money flow into the stock was $4.41 million. The value of block trades done on downticks was only $0.87 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $5.28 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Ball Corporation (BLL) was trading at $78.78, down $0.03 during day. The stock slid -0.04% over the previous days close. For the week, the stock recorded 0.11% over the previous weeks close.
Also, In a research note released to the investors, Vertical Research downgrades its rating on Ball Corporation (NYSE:BLL).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 5, 2016.
Ball Corporation has dropped 1.96% in the last five trading days, however, the shares have posted positive gains of 11.67% in the last 4 weeks. Ball Corporation is up 9.77% in the last 3-month period. Year-to-Date the stock performance stands at 8.96%.
Ball Corporation (NYSE:BLL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.59 and $78.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.95, notching a gain of 0.18% for the day. The total traded volume was 855,159 . The stock had closed at $78.81 on the previous day.
In a related news, Peterson James N, officer (SVP & COO Global MF & HHP Pkg) of Ball Corp, unloaded 3,870 shares at an average price of $79.89 on August 17, 2016. The total amount of the transaction was worth $309,174, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.