Analyzing American Axle & Manufacturing Holdings Inc (AXL) After Recent Trading Activity

In a filing, American Axle & Manufacturing Holdings Inc revealed its Senior VP Human Resources Kemp Terri M. unloaded Company’s shares for reported $0.32 million on Aug 09. In the deal valued at $8.00 per share,40,000 shares were sold. As a result of this transaction, Kemp Terri M. now holds 216,961 shares worth roughly $1.78 million.

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Then, Barnes David Eugene sold 29,533 shares, generating $265,797 in total proceeds. Upon selling the shares at $9.00, the VP & General Counsel now owns 104,621 shares.

Before that, WILLEMSE NORMAN sold 59,265 shares. American Axle & Manufacturing Holdings Inc shares valued at $533,385 were divested by the President Forging at a price of $9.00 per share. As a result of the transaction, WILLEMSE NORMAN now holds 297,435 shares, worth roughly $2.44 million.

UBS downgraded its American Axle & Manufacturing Holdings Inc [AXL] rating to a Sell from a a Neutral in a research note published on January 17, 2024; the price target was decreased to $6.50 from $8.

Price Performance Review of AXL

On Friday, American Axle & Manufacturing Holdings Inc [NYSE:AXL] saw its stock jump 0.99% to $8.20. Over the last five days, the stock has lost -0.12%. American Axle & Manufacturing Holdings Inc shares have fallen nearly -6.92% since the year began. Nevertheless, the stocks have fallen -11.54% over the past one year. While a 52-week high of $10.12 was reached on 01/02/24, a 52-week low of $6.29 was recorded on 01/17/24. SMA at 50 days reached $8.07, while 200 days put it at $7.69. A total of 0.72 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For AXL Stock

The 24-hour chart illustrates a support level at 8.10, which if violated will result in even more drops to 8.01. On the upside, there is a resistance level at 8.27. A further resistance level may holdings at 8.34. The Relative Strength Index (RSI) on the 14-day chart is 53.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.47%. Stochastics %K at 73.13% indicates the stock is a holding.

How much short interest is there in American Axle & Manufacturing Holdings Inc?

A steep rise in short interest was recorded in American Axle & Manufacturing Holdings Inc stocks on Jan 31, 2024, dropping by -0.17 million shares to a total of 5.24 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 5.41 million shares. There was a decline of -3.24%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.48% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.44.

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