Ball Corporation (NYSE:BLL) has tumbled 3.01% during the past week and has dropped 0.43% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.85%. Ball Corporation (NYSE:BLL) has underperformed the index by 1.34% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ball Corporation (NYSE:BLL): The stock opened at $71.88 on Friday but the bulls could not build on the opening and the stock topped out at $71.88 for the day. The stock traded down to $70.95 during the day, due to lack of any buying support eventually closed down at $71.46 with a loss of -0.56% for the day. The stock had closed at $71.86 on the previous day. The total traded volume was 1,758,587 shares.
The company shares have dropped -1.39% from its 1 Year high price. On Apr 25, 2016, the shares registered one year high at $76.69 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $72.40 and the 200 Day Moving Average price is recorded at $70.31.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Peterson James N, officer (SVP & COO Global MF & HHP Pkg) of Ball Corp, had unloaded 2,000 shares at an average price of $72.55 in a transaction dated on May 12, 2016. The total value of the transaction was worth $145,100.
Many analysts have stated their opinion on the company shares. Brokerage firm JP Morgan upgrades its rating on Ball Corporation (NYSE:BLL). In a research note issued to the investors, the brokerage major maintains price-target of $79 per share.The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on March 31, 2016. Currently 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 3.73% . Institutional Investors own 85.96% of Ball Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 3.96%.
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.