Asbury Automotive Group Inc’s filing revealed 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 $1.93 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 $0.33 million.
JP Morgan downgraded its Asbury Automotive Group Inc [ABG] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. JP Morgan also remained covering ABG and has increased its forecast on October 31, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on May 20, 2022. It rated ABG as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of ABG
On Tuesday, Asbury Automotive Group Inc [NYSE:ABG] saw its stock fall -1.12% to $233.12. Over the last five days, the stock has gained 1.22%. Asbury Automotive Group Inc shares have risen nearly 3.62% since the year began. Nevertheless, the stocks have risen 5.11% over the past one year. While a 52-week high of $256.39 was reached on 05/16/24, a 52-week low of $178.40 was recorded on 02/08/24. SMA at 50 days reached $227.05, while 200 days put it at $217.42. A total of 98460.0 shares were traded, compared to the trading of 0.1 million shares in the previous session.
Levels Of Support And Resistance For ABG Stock
The 24-hour chart illustrates a support level at 231.68, which if violated will result in even more drops to 230.24. On the upside, there is a resistance level at 235.46. A further resistance level may holdings at 237.80. The Relative Strength Index (RSI) on the 14-day chart is 51.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.03%. Stochastics %K at 40.97% indicates the stock is a holding.
