ABM Industries Inc’s recent filing unveils that its EVP & Chief Operating Officer JACOBSEN RENE unloaded Company’s shares for reported $0.53 million on Feb 03 ’25. In the deal valued at $52.84 per share,10,000 shares were sold. As a result of this transaction, JACOBSEN RENE now holds 87,808 shares worth roughly $3.84 million.
Then, JACOBSEN RENE bought 10,000 shares, generating $528,369 in total proceeds.
Before that, CHIN DEAN A sold 4,281 shares. ABM Industries Inc shares valued at $224,136 were divested by the SVP – Chief Accounting Officer at a price of $52.36 per share. As a result of the transaction, CHIN DEAN A now holds 18,681 shares, worth roughly $0.82 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 Monday, ABM Industries Inc [NYSE:ABM] saw its stock fall -3.62% to $43.68. Over the last five days, the stock has lost -7.77%. ABM Industries Inc shares have fallen nearly -14.65% since the year began. Nevertheless, the stocks have fallen -1.80% over the past one year. While a 52-week high of $59.78 was reached on 03/07/25, a 52-week low of $42.63 was recorded on 04/07/25. SMA at 50 days reached $50.74, while 200 days put it at $52.71.
Levels Of Support And Resistance For ABM Stock
The 24-hour chart illustrates a support level at 41.90, which if violated will result in even more drops to 40.11. On the upside, there is a resistance level at 45.22. A further resistance level may holdings at 46.75. The Relative Strength Index (RSI) on the 14-day chart is 31.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.87%. Stochastics %K at 16.79% indicates the stock is a buying.
How much short interest is there in ABM Industries Inc?
A steep rise in short interest was recorded in ABM Industries Inc stocks on 2025-03-14, dropping by -0.13 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.58 million shares. There was a decline of -8.65%, which implies that there is a negative sentiment for the stock.
