Ball Corporation (BLL) stock has risen 2.29% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With BLL Stock Today?
Ball Corporation (BLL) stock is higher by 1.22% while the S&P 500 is lower by -1.63% as of 1:27 PM on Tuesday, Oct 20. BLL is up $1.11 from the previous closing price of $91.22 on volume of 713,209 shares. Over the past year the S&P 500 has risen 13.98% while BLL is up 27.72%. BLL earned $1.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 83.93.
More About Ball Corporation
Ball is the world's largest metal can manufacturer. The company remains focused on both cost reductions associated with its acquisition of Rexam, and on pivoting toward faster-growing emerging-market economies in beverage cans. Ball maintains a small presence in both the North American food can market and the U.S. defense industry through its aerospace segment.