Axon Enterprise Inc’s recently made public that its PRESIDENT Isner Joshua unloaded Company’s shares for reported $8.91 million on Jan 02 ’24. In the deal valued at $251.68 per share,35,400 shares were sold. As a result of this transaction, Isner Joshua now holds 309,564 shares worth roughly $90.89 million.
Then, Kunins Jeffrey C sold 2,722 shares, generating $699,410 in total proceeds. Upon selling the shares at $256.95, the CPO & CTO now owns 226,083 shares.
Before that, Isner Joshua sold 2,562 shares. Axon Enterprise Inc shares valued at $658,778 were divested by the PRESIDENT at a price of $257.13 per share. As a result of the transaction, Isner Joshua now holds 344,964 shares, worth roughly $101.28 million.
Needham reiterated its Axon Enterprise Inc [AXON] rating to a Buy in a research note published on April 10, 2024; the price target was $400. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Morgan Stanley began covering AXON with “an Equal-weight” recommendation on August 22, 2023.
Price Performance Review of AXON
On Friday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock fall -1.34% to $293.61. Over the last five days, the stock has lost -5.54%. Axon Enterprise Inc shares have risen nearly 13.66% since the year began. Nevertheless, the stocks have risen 29.72% over the past one year. While a 52-week high of $329.87 was reached on 04/11/24, a 52-week low of $175.37 was recorded on 01/05/24. SMA at 50 days reached $300.01, while 200 days put it at $238.85. A total of 0.55 million shares were traded, compared to the trading of 0.59 million shares in the previous session.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 290.13, which if violated will result in even more drops to 286.65. On the upside, there is a resistance level at 298.31. A further resistance level may holdings at 303.01. The Relative Strength Index (RSI) on the 14-day chart is 37.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.15%. Stochastics %K at 8.87% indicates the stock is a buying.
