Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axis Capital Holdings Ltd shares valued at $409,150 were purchased by GALANSKI STANLEY A on Feb 06 ’24. At $58.45 per share, GALANSKI STANLEY A acquired 7,000 shares. The insider’s holdings grew to 9,763 shares worth approximately $0.63 million following the completion of this transaction.
Also, SMITH HENRY B sold 6,000 shares, netting a total of over 333,000 in proceeds. Following the sale of shares at $55.50 each, the insider now holds 49,710 shares.
As published in a research note from Keefe Bruyette on November 13, 2023, Axis Capital Holdings Ltd [AXS] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $66 from $59. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of September 08, 2023, Goldman has initiated its “Sell” rating for AXS. Earlier on December 19, 2022, Keefe Bruyette downgraded its rating. Their new recommendation was “a Mkt perform” for AXS stock which previously was a “an Outperform”.
Analyzing AXS Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Axis Capital Holdings Ltd shares have jumped approximately 16.67%. Shares of the company reached a 52-week high of $65.86 on 04/04/24 and a 52-week low of $53.88 on 01/16/24. A 50-day SMA is recorded $62.02, while a 200-day SMA reached $57.09. Nevertheless, trading volume fell to 0.5 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Axis Capital Holdings Ltd (AXS)
According to the 24-hour chart, there is a support level at 63.68, which, if violated, would cause prices to drop to 62.77. In the upper region, resistance lies at 65.09. The next price resistance is at 65.59. RSI (Relative Strength Index) is 57.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 41.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Axis Capital Holdings Ltd subject to short interest?
Stocks of Axis Capital Holdings Ltd saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.3 million shares to 0.99 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.29 million shares. A decline of -30.71% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.85 of the overall float, the days-to-cover ratio (short ratio) decline to 1.85.
