In a filing, ABM Industries Inc. revealed its EVP/Gen. Counsel/Corp. Secty. NEWBORN ANDREA R unloaded Company’s shares for reported $0.57 million on May 01 ’24. In the deal valued at $45.00 per share,12,615 shares were sold. As a result of this transaction, NEWBORN ANDREA R now holds 45,847 shares worth roughly $2.25 million.
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Then, JACOBSEN RENE sold 5,563 shares, generating $242,464 in total proceeds. Upon selling the shares at $43.59, the EVP & Chief Operating Officer now owns 111,677 shares.
Before that, CHIN DEAN A sold 5,465 shares. ABM Industries Inc. shares valued at $245,324 were divested by the SVP – Chief Accounting Officer at a price of $44.89 per share. As a result of the transaction, CHIN DEAN A now holds 19,972 shares, worth roughly $0.98 million.
Truist initiated its ABM Industries Inc. [ABM] rating to a Hold in a research note published on November 13, 2023; the price target was $43. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Hold”. William Blair also remained covering ABM and has decreased its forecast on September 07, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. UBS started covering the stock on June 01, 2023. It rated ABM as “a Neutral”.
Price Performance Review of ABM
On Friday, ABM Industries Inc. [NYSE:ABM] saw its stock fall -2.61% to $49.17. Over the last five days, the stock has lost -3.47%. ABM Industries Inc. shares have risen nearly 9.68% since the year began. Nevertheless, the stocks have risen 14.32% over the past one year. While a 52-week high of $53.05 was reached on 06/12/24, a 52-week low of $37.61 was recorded on 02/13/24. SMA at 50 days reached $46.04, while 200 days put it at $43.01. A total of 0.59 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For ABM Stock
The 24-hour chart illustrates a support level at 48.73, which if violated will result in even more drops to 48.30. On the upside, there is a resistance level at 50.01. A further resistance level may holdings at 50.86. The Relative Strength Index (RSI) on the 14-day chart is 57.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.35%. Stochastics %K at 73.88% indicates the stock is a holding.
