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. 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 $0.6 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 -1.11%. Over the course of the year, Axis Capital Holdings Ltd shares have jumped approximately 11.02%. 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 $62.39, while a 200-day SMA reached $57.33. Nevertheless, trading volume fell to 0.74 million shares from 0.57 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 60.98, which, if violated, would cause prices to drop to 60.48. In the upper region, resistance lies at 62.14. The next price resistance is at 62.80. RSI (Relative Strength Index) is 42.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.27, which suggests the price will decrease in the coming days. Percent R is at 81.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
