ABM Industries Inc’s recent filing unveils that its EVP & Chief Financial Officer ELLIS EARL RAY unloaded Company’s shares for reported $2.16 million on Oct 14 ’24. In the deal valued at $53.96 per share,40,000 shares were sold. As a result of this transaction, ELLIS EARL RAY now holds 45,260 shares worth roughly $2.6 million.
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Then, ELLIS EARL RAY bought 40,000 shares, generating $2,158,316 in total proceeds.
Before that, SALMIRS SCOTT B sold 13,264 shares. ABM Industries Inc shares valued at $733,352 were divested by the President and CEO at a price of $55.29 per share. As a result of the transaction, SALMIRS SCOTT B now holds 353,391 shares, worth roughly $20.28 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 fall -2.08% to $57.39. Over the last five days, the stock has gained 5.30%. ABM Industries Inc shares have risen nearly 28.02% since the year began. Nevertheless, the stocks have risen 43.51% over the past one year. While a 52-week high of $59.78 was reached on 09/06/24, a 52-week low of $39.43 was recorded on 02/13/24. SMA at 50 days reached $52.97, while 200 days put it at $48.72.
Levels Of Support And Resistance For ABM Stock
The 24-hour chart illustrates a support level at 56.73, which if violated will result in even more drops to 56.06. On the upside, there is a resistance level at 58.60. A further resistance level may holdings at 59.81. The Relative Strength Index (RSI) on the 14-day chart is 64.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.33%. Stochastics %K at 86.45% indicates the stock is a selling.
How much short interest is there in ABM Industries Inc?
A steep rise in short interest was recorded in ABM Industries Inc stocks on 2024-10-15, dropping by -0.18 million shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.52 million shares. There was a decline of -13.06%, which implies that there is a negative sentiment for the stock.
