Asbury Automotive Group Inc (ABG) Breaks into New 52-Week High on October 21 Session

Equities Staff  |

Shares of Asbury Automotive Group Inc (ABG) broke into a new 52-week high yesterday, hitting a peak of $106.37. Shares closed at $105.98 after opening at $104.34 for a move of 2.57%. The company now has a market cap of $2.05 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Asbury Automotive Group Inc, the new 52-week high came on volume of 212,162. The stock has a float of 19.35 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.

For a complete fundamental analysis analysis of Asbury Automotive Group Inc, check out Equities.com’s Stock Valuation Analysis report for ABG.

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Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates over 85 stores with associated parts and service departments. About 80% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Operating in nine states, mostly in Texas and the Southeast, the company generated $6.9 billion of revenue in 2018.

Asbury Automotive Group Inc is based out of Duluth, GA and has some 8,200 employees. Its CEO is David W. Hult.

Asbury Automotive Group Inc is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

To get more information on Asbury Automotive Group Inc and to follow the company’s latest updates, you can visit the company’s profile page here: ABG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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