Notable News to Focus: Asbury Automotive Group (NYSE:ABG)

Asbury Automotive Group (NYSE:ABG) stock observed trading -52.92% off 52-week high price. On the other end, the stock has been noted 47.66% away from low price over the last 52-weeks. The stock disclosed a move of -19.92% away from 50 day moving average and -37.78% away from 200 day moving average. Moving closer, we can see that shares have been trading 10.07% off 20-day moving average. It has market cap of $1.11B.

On April 17, 2020, Asbury Automotive Group (NYSE:ABG) one of the largest automotive retail and service companies in the U.S., disclosed that Patrick (PJ) Guido will join the company as its Senior Vice President and Chief Financial Officer effective May 11, 2020.

PJ is an operations-focused CFO with broad experience in well-known, guest-focused retail businesses. This is a great combination for Asbury as we continue to pursue our Vision to be the most guest-centric company in the automotive industry. I am very excited to have PJ join the Asbury Team, said President & CEO David Hult.

Mr. Guido joins the Company from lululemon athletica inc., a NASDAQ-listed multinational designer, distributor, and retailer of healthy lifestyle inspired athletic apparel and accessories, where he served as Chief Financial Officer since April 2018. Prior to that, Mr. Guido spent seven years at VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories. During his seven-year tenure at VF Corporation, he served as Treasurer and Vice President of Corporate Development, managing capital allocation strategies, mitigating global financial risk, and executing on multiple strategic initiatives for the company. Previously, Mr. Guido served in roles of increasing responsibilities at The Home Depot and Saks Incorporated. Mr. Guido received his MBA from Vanderbilt University, and holds a BA from Georgetown University.

The USA based company Asbury Automotive Group moved with change of 9.31% to $58.12 with the total traded volume of 354116 shares in recent session versus to an average volume of 288.59K shares. The stock was observed in the 5 days activity at -3.82%. The one month performance of stock was 30.26%. ABG’s shares are at -43.30% for the quarter and driving a -23.40% return over the course of the past year and is now at -48.01% since this point in 2018.  Right now the stock beta is 1.53. The average volatility for the week and month was at 8.33% and 11.23% respectively. There are 19.10M shares outstanding and 19.06M shares are floated in market.

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