The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Axos Financial Inc. shares valued at $248,750 were purchased by Wardell-Smith Sara on Mar 15 ’24. At $49.75 per share, Wardell-Smith Sara acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $0.27 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Micheletti Andrew J sold 13,000 shares, netting a total of over 665,080 in proceeds. Following the sale of shares at $51.16 each, the insider now holds 39,000 shares.
Before that, Micheletti Andrew J had sold 13,668 shares from its account. In a trade valued at $699,392, the EVP, Finance traded Axos Financial Inc. shares for $51.17 each. Upon closing the transaction, the insider’s holdings decreased to 13,668 shares, worth approximately $2.81 million.
As published in a research note from Raymond James on February 21, 2023, Axos Financial Inc. [AX] has been rated down from a Strong buy to an Outperform and the price target has been revised to $55. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of June 30, 2022, Wedbush has decreased its “an Outperform” rating to a “Neutral” for AX. Earlier on January 28, 2022, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for AX stock which previously was a “a Neutral”.
Analyzing AX Stock Performance
During the last five days, there has been a surge of approximately 1.14%. Over the course of the year, Axos Financial Inc. shares have dropped approximately -1.03%. Shares of the company reached a 52-week high of $60.00 on 01/31/24 and a 52-week low of $48.73 on 03/18/24. A 50-day SMA is recorded $52.50, while a 200-day SMA reached $45.05. Nevertheless, trading volume fell to 0.44 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Axos Financial Inc. (AX)
According to the 24-hour chart, there is a support level at 53.26, which, if violated, would cause prices to drop to 52.48. In the upper region, resistance lies at 54.71. The next price resistance is at 55.38. RSI (Relative Strength Index) is 59.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.59, which suggests the price will increase in the coming days. Percent R is at 10.15%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Axos Financial Inc. subject to short interest?
Stocks of Axos Financial Inc. saw a sharp rise in short interest on Mar 15, 2024 jumping by 80000.0 shares to 6.05 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.97 million shares. A jump of 1.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.59 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.59.
