Asbury Automotive Group Inc’s recently made public that its Officer DEAN A CALLOWAY acquired Company’s shares for reported $48012.0 on Aug 23 ’24. In the deal valued at $240.06 per share,200 shares were bought.
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Then, NATHAN E BRIESEMEISTER bought 214 shares, generating $50,671 in total proceeds.
Before that, Calloway Dean sold 200 shares. Asbury Automotive Group Inc shares valued at $48,012 were divested by the SVP, General Counsel & Sec at a price of $240.06 per share. As a result of the transaction, Calloway Dean now holds 3,813 shares, worth roughly $0.86 million.
Morgan Stanley upgraded its Asbury Automotive Group Inc [ABG] rating to an Equal-weight from a an Underweight in a research note published on September 25, 2024; the price target was increased to $240 from $190. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid September with a ‘”an Equal-weight”‘ rating. JP Morgan also remained covering ABG and has decreased its forecast on June 10, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Craig Hallum revised its rating on February 08, 2024. It rated ABG as “a Hold” which previously was an “a Buy”.
Price Performance Review of ABG
On Monday, Asbury Automotive Group Inc [NYSE:ABG] saw its stock jump 1.22% to $225.58. Over the last five days, the stock has lost -1.91%. Asbury Automotive Group Inc shares have risen nearly 0.27% since the year began. Nevertheless, the stocks have risen 19.33% over the past one year. While a 52-week high of $277.13 was reached on 07/31/24, a 52-week low of $184.47 was recorded on 02/08/24. SMA at 50 days reached $229.50, while 200 days put it at $226.03.
Levels Of Support And Resistance For ABG Stock
The 24-hour chart illustrates a support level at 221.72, which if violated will result in even more drops to 217.85. On the upside, there is a resistance level at 228.98. A further resistance level may holdings at 232.37. The Relative Strength Index (RSI) on the 14-day chart is 46.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.49%. Stochastics %K at 28.55% indicates the stock is a holding.
How much short interest is there in Asbury Automotive Group Inc?
A steep rise in short interest was recorded in Asbury Automotive Group Inc stocks on 2024-10-15, growing by 0.26 million shares to a total of 2.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.1 million shares. There was a rise of 11.07%, which implies that there is a positive sentiment for the stock.
