Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Asbury Automotive Group Inc shares valued at $1,199,684 were sold by Clara Daniel on Nov 27 ’24. At $260.80 per share, Clara Daniel sold 4,600 shares. The insider’s holdings dropped to 3,483 shares worth approximately $1.07 million following the completion of this transaction.
Also, DANIEL E CLARA purchased 4,600 shares, netting a total of over 1,199,677 in proceeds.
Before that, DEAN A CALLOWAY had added 200 shares to its account. In a trade valued at $48,012, the Officer bought Asbury Automotive Group Inc shares for $240.06 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 17.71%. Over the course of the year, Asbury Automotive Group Inc shares have jumped approximately 25.85%. Shares of the company reached a 52-week high of $312.56 on 01/30/25 and a 52-week low of $230.66 on 01/03/25. A 50-day SMA is recorded $254.22, while a 200-day SMA reached $238.16. Nevertheless, trading volume fell to 0.89 million shares from 0.21 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 295.10, which, if violated, would cause prices to drop to 284.34. In the upper region, resistance lies at 314.59. The next price resistance is at 323.32. RSI (Relative Strength Index) is 84.46 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 25.40, which suggests the price will increase in the coming days. Percent R is at 8.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
