Ball Corporation (BLL) : Mondays money flow data in Ball Corporation (BLL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $21.68 million, whereas, $14.87 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.46, in favor of the bulls. The total money flow into the stock was $6.81 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $5.6 million. The total value of block trades done on upticks was $6.72 million. The value of bearish trades on downticks was only $1.12 million.The up/down ratio in the block trades was a healthy 6.01 in favor of the bulls, suggesting strong buying in the stock by large traders. Ball Corporation (BLL) fell $0.26 and traded at $80.3, down -0.32% for the day, over previous days close. On a weekly basis, the shares are 1.45% over the previous weeks close.
Shares of Ball Corporation rose by 0.67% in the last five trading days and 15.29% for the last 4 weeks. Ball Corporation is up 10.64% in the last 3-month period. Year-to-Date the stock performance stands at 11.43%.
Ball Corporation (NYSE:BLL): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.08 and $80.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.74, notching a gain of 0.55% for the day. The total traded volume was 1,387,396 . The stock had closed at $80.30 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Ball Corp, Smart George M had purchased shares worth of $240,420 in a transaction dated on August 12, 2016. A total of 3,000 shares were purchased at a price of $80.14 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.