Axon Enterprise Inc’s filing revealed that its PRESIDENT Isner Joshua unloaded Company’s shares for reported $8.91 million on Jan 02 ’24. In the deal valued at $251.68 per share,35,400 shares were sold. As a result of this transaction, Isner Joshua now holds 309,564 shares worth roughly $97.66 million.
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Then, Kunins Jeffrey C sold 2,722 shares, generating $699,410 in total proceeds. Upon selling the shares at $256.95, the CPO & CTO now owns 226,083 shares.
Before that, Isner Joshua sold 2,562 shares. Axon Enterprise Inc shares valued at $658,778 were divested by the PRESIDENT at a price of $257.13 per share. As a result of the transaction, Isner Joshua now holds 344,964 shares, worth roughly $108.83 million.
Argus initiated its Axon Enterprise Inc [AXON] rating to a Buy in a research note published on March 13, 2024; the price target was $380. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late August with a ‘”an Equal-weight”‘ rating. JP Morgan revised its rating on May 11, 2023. It rated AXON as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of AXON
On Monday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock fall -0.27% to $315.47. Over the last five days, the stock has gained 2.28%. Axon Enterprise Inc shares have risen nearly 22.12% since the year began. Nevertheless, the stocks have risen 46.24% over the past one year. While a 52-week high of $325.63 was reached on 03/04/24, a 52-week low of $175.37 was recorded on 01/05/24. SMA at 50 days reached $280.36, while 200 days put it at $228.69. A total of 0.63 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 313.70, which if violated will result in even more drops to 311.92. On the upside, there is a resistance level at 317.39. A further resistance level may holdings at 319.30. The Relative Strength Index (RSI) on the 14-day chart is 70.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.89%. Stochastics %K at 65.63% indicates the stock is a holding.
How much short interest is there in Axon Enterprise Inc?
A steep rise in short interest was recorded in Axon Enterprise Inc stocks on Feb 29, 2024, dropping by 20000.0 shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.88 million shares. There was a decline of -1.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.59.
The most recent change occurred on March 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $263 price target.
