Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axonics Inc shares valued at $2,381,662 were sold by COHEN RAYMOND W on Jan 31 ’24. At $67.74 per share, COHEN RAYMOND W sold 35,161 shares. The insider’s holdings dropped to 188,835 shares worth approximately $12.78 million following the completion of this transaction.
Also, Ford Alfred J Jr sold 16,615 shares, netting a total of over 1,125,432 in proceeds. Following the sale of shares at $67.74 each, the insider now holds 43,450 shares.
Before that, Woock John had sold 15,899 shares from its account. In a trade valued at $1,076,933, the EVP, Chief Mktg/Strtgy Officer traded Axonics Inc shares for $67.74 each. Upon closing the transaction, the insider’s holdings decreased to 15,899 shares, worth approximately $5.24 million.
As published in a research note from Wolfe Research on January 09, 2024, Axonics Inc [AXNX] has been rated down from an Outperform to a Peer perform. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of July 13, 2023, KeyBanc Capital Markets has initiated its “an Overweight” rating for AXNX. Earlier on May 23, 2023, CL King initiated its rating. Their recommendation was “a Buy” for AXNX stock.
Analyzing AXNX Stock Performance
During the last five days, there has been a drop of approximately -2.80%. Over the course of the year, Axonics Inc shares have jumped approximately 8.79%. Shares of the company reached a 52-week high of $69.68 on 01/08/24 and a 52-week low of $55.09 on 01/05/24. A 50-day SMA is recorded $68.08, while a 200-day SMA reached $59.90. Nevertheless, trading volume fell to 1.16 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Axonics Inc (AXNX)
According to the 24-hour chart, there is a support level at 67.60, which, if violated, would cause prices to drop to 67.50. In the upper region, resistance lies at 67.81. The next price resistance is at 67.91. RSI (Relative Strength Index) is 44.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 94.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Axonics Inc subject to short interest?
Stocks of Axonics Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.29 million shares to 2.94 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.65 million shares. A jump of 9.86% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.95 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.95.
