Ball Corporation (NYSE:BALL) shares are trading higher by 3.7% at $85.86 Thursday afternoon. Renewed economic concerns have caused a sell-off in consumer discretionary sectors and a possible rotation into consumer staples.
Ball is the world’s largest metal can manufacturer. The company is focused on increasing capacity amid a wave of new developed-market demand, while 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.
Ball has a 52-week high of $102.76 and a 52-week low of $68.39.
