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Asbury Automotive Group Inc’s latest rating changes from various analysts

Asbury Automotive Group Inc’s recently made public that its SVP & CHRO Milstein Jed unloaded Company’s shares for reported $0.83 million on Mar 12 ’24. In the deal valued at $209.00 per share,3,955 shares were sold. As a result of this transaction, Milstein Jed now holds 8,300 shares worth roughly $2.02 million.

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Then, Maric Miran sold 2,600 shares, generating $550,264 in total proceeds. Upon selling the shares at $211.64, the SVP, Strategy & Innovation now owns 2,384 shares.

Before that, Briesemeister Nathan Edward sold 150 shares. Asbury Automotive Group Inc shares valued at $31,460 were divested by the VP, Controller & CAO at a price of $209.74 per share. As a result of the transaction, Briesemeister Nathan Edward now holds 1,403 shares, worth roughly $0.34 million.

Craig Hallum downgraded its Asbury Automotive Group Inc [ABG] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “an Overweight”. Morgan Stanley also remained covering ABG and has decreased its forecast on May 20, 2022 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Truist revised its rating on September 30, 2021. It rated ABG as “a Buy” which previously was an “a Hold”.

Price Performance Review of ABG

On Tuesday, Asbury Automotive Group Inc [NYSE:ABG] saw its stock jump 3.47% to $242.99. Over the last five days, the stock has gained 10.80%. Asbury Automotive Group Inc shares have risen nearly 8.01% since the year began. Nevertheless, the stocks have risen 21.82% over the past one year. While a 52-week high of $256.39 was reached on 05/14/24, a 52-week low of $178.40 was recorded on 02/08/24. SMA at 50 days reached $218.98, while 200 days put it at $215.98. A total of 0.29 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For ABG Stock

The 24-hour chart illustrates a support level at 240.27, which if violated will result in even more drops to 237.55. On the upside, there is a resistance level at 245.20. A further resistance level may holdings at 247.41. The Relative Strength Index (RSI) on the 14-day chart is 69.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.47%. Stochastics %K at 94.25% indicates the stock is a selling.

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