Axos Financial Inc.’s recent filing unveils that its Director Wardell-Smith Sara acquired Company’s shares for reported $0.25 million on Mar 15 ’24. In the deal valued at $49.75 per share,5,000 shares were bought. As a result of this transaction, Wardell-Smith Sara now holds 5,000 shares worth roughly $0.25 million.
Then, Micheletti Andrew J sold 13,000 shares, generating $665,080 in total proceeds. Upon selling the shares at $51.16, the EVP, Finance now owns 39,000 shares.
Before that, Micheletti Andrew J sold 13,668 shares. Axos Financial Inc. shares valued at $699,392 were divested by the EVP, Finance at a price of $51.17 per share. As a result of the transaction, Micheletti Andrew J now holds 52,000 shares, worth roughly $2.64 million.
Raymond James downgraded its Axos Financial Inc. [AX] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid July from “a Mkt perform” to “an Outperform”. Wedbush also remained covering AX and has decreased its forecast on June 30, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on January 28, 2022. It rated AX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AX
On Friday, Axos Financial Inc. [NYSE:AX] saw its stock fall -0.43% to $50.74. Over the last five days, the stock has lost -6.11%. Axos Financial Inc. shares have fallen nearly -7.07% since the year began. Nevertheless, the stocks have risen 37.21% over the past one year. While a 52-week high of $60.00 was reached on 01/31/24, a 52-week low of $32.05 was recorded on 03/18/24. SMA at 50 days reached $52.23, while 200 days put it at $45.32. A total of 0.64 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For AX Stock
The 24-hour chart illustrates a support level at 49.86, which if violated will result in even more drops to 48.98. On the upside, there is a resistance level at 51.39. A further resistance level may holdings at 52.05. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.99%. Stochastics %K at 37.68% indicates the stock is a holding.
How much short interest is there in Axos Financial Inc.?
A steep rise in short interest was recorded in Axos Financial Inc. stocks on Mar 15, 2024, growing by 80000.0 shares to a total of 6.05 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.97 million shares. There was a rise of 1.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 11.59.
