ABM Industries Shares Soar 1.47% Amid Insider Selling

ABM Industries (ABM) shares surged 1.47% today, reaching their highest level since March 2025 with an intraday gain of 2.08%.

The strategy of buying ABM shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 2.78%. While the strategy capitalized on the immediate rebound following the high point, the relatively low CAGR suggests that the returns were not substantially compounded over the longer period. This is likely due to the limited upside potential beyond the immediate post-high point recovery, as indicated by the 52-week low of $42.02 and the stock's decline by about 12% over the past six months. The recent earnings beat and guidance raise may provide some optimism for future performance, but these factors did not significantly impact the long-term returns based on this backtest.

Scott Salmirs, the President and CEO of ABM Industries, sold 12,935 shares of the company on May 13, 2025. This insider selling activity could be perceived as a significant factor affecting ABM Industries' stock price. Over the past year, there have been no insider buys but 10 insider sells, indicating potential market sentiment about the company's future prospects. On the day of the recent sale, shares were trading at $52.06, with a market cap of $3.207 billion. The stock is considered fairly valued based on its GF Value with a price-to-GF-Value ratio of 1.