The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Asbury Automotive Group Inc shares valued at $1,199,677 were purchased by DANIEL E CLARA on Nov 27 ’24. At $260.80 per share, DANIEL E CLARA acquired 4,600 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DEAN A CALLOWAY purchased 200 shares, netting a total of over 48,012 in proceeds.
Before that, NATHAN E BRIESEMEISTER had added 214 shares to its account. In a trade valued at $50,671, the Officer bought Asbury Automotive Group Inc shares for $236.78 each.
As published in a research note from Seaport Research Partners on November 12, 2024, Asbury Automotive Group Inc [ABG] has been rated down from a Buy to a Neutral. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late September. As of September 12, 2024, Stephens has initiated its “an Equal-weight” rating for ABG. Earlier on June 10, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for ABG stock which previously was a “an Overweight”.
Analyzing ABG Stock Performance
During the last five days, there has been a surge of approximately 3.81%. Over the course of the year, Asbury Automotive Group Inc shares have jumped approximately 15.58%. Shares of the company reached a 52-week high of $277.13 on 07/31/24 and a 52-week low of $195.09 on 02/08/24. A 50-day SMA is recorded $239.54, while a 200-day SMA reached $230.65. Nevertheless, trading volume fell to 0.16 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Asbury Automotive Group Inc (ABG)
According to the 24-hour chart, there is a support level at 257.47, which, if violated, would cause prices to drop to 254.92. In the upper region, resistance lies at 264.81. The next price resistance is at 269.60. RSI (Relative Strength Index) is 58.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.79, which suggests the price will increase in the coming days. Percent R is at 55.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
