Abacus Life Inc’s recently made public that its Co-Founder and President McNealy Sean unloaded Company’s shares for reported $0.61 million on Dec 20 ’24. In the deal valued at $8.00 per share,75,800 shares were sold. As a result of this transaction, McNealy Sean now holds 12,361,500 shares worth roughly $93.21 million.
Then, Ganovsky Matthew sold 75,800 shares, generating $606,400 in total proceeds. Upon selling the shares at $8.00, the Co-Founder and President now owns 10,014,154 shares.
Before that, Kirby Kevin Scott sold 75,800 shares. Abacus Life Inc shares valued at $606,400 were divested by the Co-Founder and President at a price of $8.00 per share. As a result of the transaction, Kirby Kevin Scott now holds 12,361,200 shares, worth roughly $93.2 million.
Northland Capital initiated its Abacus Life Inc [ABL] rating to an Outperform in a research note published on October 24, 2024; the price target was $13.50. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. Piper Sandler began covering ABL with “an Overweight” recommendation on June 26, 2024. B. Riley Securities started covering the stock on May 31, 2024. It rated ABL as “a Buy”.
Price Performance Review of ABL
On Tuesday, Abacus Life Inc [NASDAQ:ABL] saw its stock fall -3.33% to $7.54. Over the last five days, the stock has lost -2.08%. Abacus Life Inc shares have fallen nearly -21.95% since the year began. Nevertheless, the stocks have fallen -8.72% over the past one year. While a 52-week high of $13.25 was reached on 02/07/24, a 52-week low of $7.07 was recorded on 11/22/24. SMA at 50 days reached $8.40, while 200 days put it at $10.05.
Levels Of Support And Resistance For ABL Stock
The 24-hour chart illustrates a support level at 7.43, which if violated will result in even more drops to 7.33. On the upside, there is a resistance level at 7.72. A further resistance level may holdings at 7.91. The Relative Strength Index (RSI) on the 14-day chart is 38.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.10%. Stochastics %K at 37.56% indicates the stock is a holding.
How much short interest is there in Abacus Life Inc?
A steep rise in short interest was recorded in Abacus Life Inc stocks on 2024-11-29, dropping by -0.18 million shares to a total of 0.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.77 million shares. There was a decline of -31.03%, which implies that there is a negative sentiment for the stock.
