Axis Capital Holdings Ltd’s recently made public that its Director GALANSKI STANLEY A acquired Company’s shares for reported $0.41 million on Feb 06 ’24. In the deal valued at $58.45 per share,7,000 shares were bought. As a result of this transaction, GALANSKI STANLEY A now holds 9,763 shares worth roughly $0.64 million.
Then, SMITH HENRY B sold 6,000 shares, generating $333,000 in total proceeds. Upon selling the shares at $55.50, the Director now owns 49,710 shares.
Keefe Bruyette upgraded its Axis Capital Holdings Ltd [AXS] rating to an Outperform from a a Mkt perform in a research note published on November 13, 2023; the price target was increased to $66 from $59. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid September from “an Underperform” to “a Buy”. Goldman began covering AXS with “Sell” recommendation on September 08, 2023. Keefe Bruyette revised its rating on December 19, 2022. It rated AXS as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of AXS
On Friday, Axis Capital Holdings Ltd [NYSE:AXS] saw its stock jump 1.06% to $65.52. Over the last five days, the stock has gained 0.77%. Axis Capital Holdings Ltd shares have risen nearly 18.33% since the year began. Nevertheless, the stocks have risen 21.65% over the past one year. While a 52-week high of $65.86 was reached on 04/04/24, a 52-week low of $51.61 was recorded on 01/16/24. SMA at 50 days reached $61.71, while 200 days put it at $56.94. A total of 0.76 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For AXS Stock
The 24-hour chart illustrates a support level at 64.75, which if violated will result in even more drops to 63.99. On the upside, there is a resistance level at 65.98. A further resistance level may holdings at 66.45. The Relative Strength Index (RSI) on the 14-day chart is 68.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.26%. Stochastics %K at 83.52% indicates the stock is a selling.
How much short interest is there in Axis Capital Holdings Ltd?
A steep rise in short interest was recorded in Axis Capital Holdings Ltd stocks on Mar 15, 2024, dropping by -0.3 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.29 million shares. There was a decline of -30.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.48% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.85.
