Recent exceptional negative changes in investment behavior have affected ABM Industries Inc (NYSE: ABM): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent small negative changes in fundamentals have affected ABM Industries Inc (NYSE: ABM): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ABM Industries has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ABM Industries has a neutral Appreciation Score of 56 but a good Power Rating of 80, leading to the Positive Value Trend Rating.
Recent Price Action
On 12/20/24, ABM Industries Inc (NYSE: ABM) stock declined modestly by -1.6%, closing at $50.34. Moreover, trading volume in this decline was exceptionally high at 352% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.8% during the last week.
Be the first to comment