Asbury Automotive Group Inc (ABG) Files Form 4 Insider Selling : Dennis E Clements Sells 2,034 Shares

Asbury Automotive Group Inc (ABG): Dennis E Clements , director of Asbury Automotive Group Inc sold 2,034 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $53.31 per share for a total value of $108,432.54 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Joel Alsfine (director) purchased 100 shares at $58.12 per share price.On May 2, 2016, George Karolis (SVP, Corp. Dev. & Real Estate) sold 1,717 shares at $60.47 per share price.Also, On Mar 14, 2016, Eugene S Katz (director) sold 1,000 shares at $60.57 per share price.On May 14, 2015, Dennis E Clements (director) sold 10,000 shares at $85.00 per share price.

Asbury Automotive Group: On Friday, May 20, 2016 heightened volatility was witnessed in Asbury Automotive Group which led to swings in the share price. The shares opened for trading at $53.31 and hit $54.56 on the upside , eventually ending the session at $54.49, with a gain of 2.27% or 1.21 points. The heightened volatility saw the trading volume jump to 2,93,092 shares. The 52-week high of the share price is $96.582 and the company has a market cap of $1,207 M . The 52-week low of the share price is at $43.56.

Asbury Automotive Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Asbury Automotive Group is Initiated by Jefferies to Hold. The Rating was issued on Apr 11, 2016.

Asbury Automotive Group Inc. (Asbury) is an automotive retailer in the United States. The Company offers a range of automotive products and services including new and used vehicles vehicle maintenance replacement parts and collision repair services new and used vehicle financing and aftermarket products including insurance warranty and service contracts. The Company’s brand names include Nalley Automotive Group Courtesy Autogroup Coggin Automotive Group Crown Automotive Company David McDavid Auto Group Gray-Daniels Auto Family and Plaza Motor Company among others. The Company’s new vehicle sales consist of the sale of new vehicles to individual retail customers and the sale of new vehicles to commercial customers. It’s used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. It provides vehicle maintenance and repair services in the markets of its franchised dealerships.

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