In a filing, Asbury Automotive Group Inc revealed its SVP, Operations Clara Daniel unloaded Company’s shares for reported $1.2 million on Nov 27 ’24. In the deal valued at $260.80 per share,4,600 shares were sold. As a result of this transaction, Clara Daniel now holds 3,483 shares worth roughly $0.86 million.
Then, DANIEL E CLARA bought 4,600 shares, generating $1,199,677 in total proceeds.
Before that, DEAN A CALLOWAY bought 200 shares. Asbury Automotive Group Inc shares valued at $48,012 were divested by the Officer at a price of $240.06 per share.
Seaport Research Partners downgraded its Asbury Automotive Group Inc [ABG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late September from “an Underweight” to “an Equal-weight”. Stephens began covering ABG with “an Equal-weight” recommendation on September 12, 2024. JP Morgan revised its rating on June 10, 2024. It rated ABG as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ABG
On Friday, Asbury Automotive Group Inc [NYSE:ABG] saw its stock jump 0.78% to $245.77. Over the last five days, the stock has lost -3.13%. Asbury Automotive Group Inc shares have risen nearly 9.25% since the year began. Nevertheless, the stocks have risen 10.81% over the past one year. While a 52-week high of $277.13 was reached on 07/31/24, a 52-week low of $195.09 was recorded on 02/08/24. SMA at 50 days reached $247.75, while 200 days put it at $234.22.
Levels Of Support And Resistance For ABG Stock
The 24-hour chart illustrates a support level at 239.64, which if violated will result in even more drops to 233.51. On the upside, there is a resistance level at 250.64. A further resistance level may holdings at 255.51. The Relative Strength Index (RSI) on the 14-day chart is 40.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.90%. Stochastics %K at 12.37% indicates the stock is a buying.
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 2024-11-29, dropping by 29579.0 shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.27 million shares. There was a decline of -1.32%, which implies that there is a negative sentiment for the stock.
