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. Axon Enterprise Inc shares valued at $8,909,327 were sold by Isner Joshua on Jan 02 ’24. At $251.68 per share, Isner Joshua sold 35,400 shares. The insider’s holdings dropped to 309,564 shares worth approximately $92.81 million following the completion of this transaction.
Also, Kunins Jeffrey C sold 2,722 shares, netting a total of over 699,410 in proceeds. Following the sale of shares at $256.95 each, the insider now holds 226,083 shares.
Before that, Isner Joshua had sold 2,562 shares from its account. In a trade valued at $658,778, the PRESIDENT traded Axon Enterprise Inc shares for $257.13 each. Upon closing the transaction, the insider’s holdings decreased to 2,562 shares, worth approximately $103.43 million.
As published in a research note from Needham on April 10, 2024, Axon Enterprise Inc [AXON] has been retained to a Buy and the price target has been revised to $400. Analysts at Argus started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of August 22, 2023, Morgan Stanley has initiated its “an Equal-weight” rating for AXON.
Analyzing AXON Stock Performance
During the last five days, there has been a drop of approximately -5.79%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 16.06%. Shares of the company reached a 52-week high of $329.87 on 04/11/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $298.69, while a 200-day SMA reached $237.83. Nevertheless, trading volume fell to 0.56 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Axon Enterprise Inc (AXON)
According to the 24-hour chart, there is a support level at 296.85, which, if violated, would cause prices to drop to 293.87. In the upper region, resistance lies at 302.67. The next price resistance is at 305.52. RSI (Relative Strength Index) is 42.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.75, which suggests the price will decrease in the coming days. Percent R is at 86.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
