Abacus Global Management Inc’s recent filing unveils that its Co-Founder and President McNealy Sean acquired Company’s shares for reported $0.5 million on Jun 04 ’25. In the deal valued at $5.77 per share,86,207 shares were bought. As a result of this transaction, McNealy Sean now holds 12,455,707 shares worth roughly $67.88 million.
Then, Kirby Kevin Scott bought 86,207 shares, generating $497,759 in total proceeds. Upon buying the shares at $5.77, the Co-Founder and President now owns 12,447,415 shares.
Before that, McCauley William Hugh JR bought 33,000 shares. Abacus Global Management Inc shares valued at $192,156 were divested by the Chief Financial Officer at a price of $5.82 per share. As a result of the transaction, McCauley William Hugh JR now holds 87,000 shares, worth roughly $0.47 million.
Maxim Group initiated its Abacus Global Management Inc [ABL] rating to a Buy in a research note published on April 29, 2025; the price target was $14. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. TD Cowen began covering ABL with “Buy” recommendation on August 07, 2024. Piper Sandler started covering the stock on June 26, 2024. It rated ABL as “an Overweight”.
Price Performance Review of ABL
On Monday, Abacus Global Management Inc [NASDAQ:ABL] saw its stock fall -0.73%% to $5.45. Over the last five days, the stock has lost -10.07%. Abacus Global Management Inc shares have fallen nearly -39.51% since the year began. Nevertheless, the stocks have fallen -30.40% over the past one year. While a 52-week high of $11.86 was reached on 05/09/25, a 52-week low of $5.10 was recorded on 06/04/25.
Levels Of Support And Resistance For ABL Stock
The 24-hour chart illustrates a support level at 5.33, which if violated will result in even more drops to 5.21. On the upside, there is a resistance level at 5.59. A further resistance level may holdings at 5.73.
How much short interest is there in Abacus Global Management Inc?
A steep rise in short interest was recorded in Abacus Global Management Inc stocks on 2025-05-30, growing by 1.04 million shares to a total of 2.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 1.21 million shares. There was a rise of 46.08%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 31, 2024 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.
