ABM Industries Inc.’s filing revealed that its President and CEO SALMIRS SCOTT B unloaded Company’s shares for reported $0.73 million on Jul 25 ’24. In the deal valued at $55.29 per share,13,264 shares were sold. As a result of this transaction, SALMIRS SCOTT B now holds 353,391 shares worth roughly $18.74 million.
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Then, SALMIRS SCOTT B sold 11,736 shares, generating $646,377 in total proceeds. Upon selling the shares at $55.08, the President and CEO now owns 366,655 shares.
Before that, JACOBSEN RENE sold 40,000 shares. ABM Industries Inc. shares valued at $2,066,881 were divested by the EVP & Chief Operating Officer at a price of $51.67 per share. As a result of the transaction, JACOBSEN RENE now holds 72,062 shares, worth roughly $3.82 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 Tuesday, ABM Industries Inc. [NYSE:ABM] saw its stock jump 1.09% to $53.04. Over the last five days, the stock has gained 1.69%. ABM Industries Inc. shares have risen nearly 18.31% since the year began. Nevertheless, the stocks have risen 14.98% over the past one year. While a 52-week high of $56.30 was reached on 07/31/24, a 52-week low of $37.61 was recorded on 02/13/24. SMA at 50 days reached $51.69, while 200 days put it at $45.19.
Levels Of Support And Resistance For ABM Stock
The 24-hour chart illustrates a support level at 52.71, which if violated will result in even more drops to 52.38. On the upside, there is a resistance level at 53.31. A further resistance level may holdings at 53.57. The Relative Strength Index (RSI) on the 14-day chart is 51.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.41%. Stochastics%K at 23.76% indicates the stock is a holding.
How much short interest is there in ABM Industries Inc.?
A steep rise in short interest was recorded in ABM Industries Inc. stocks on
