Axon Enterprise Inc’s recent filing unveils 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 $101.43 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 $113.02 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 Monday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock jump 2.85% to $327.64. Over the last five days, the stock has gained 4.58%. Axon Enterprise Inc shares have risen nearly 26.83% since the year began. Nevertheless, the stocks have risen 49.54% 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 $309.12, while 200 days put it at $245.36. A total of 0.76 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 323.01, which if violated will result in even more drops to 318.38. On the upside, there is a resistance level at 330.72. A further resistance level may holdings at 333.80. The Relative Strength Index (RSI) on the 14-day chart is 69.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.06%. Stochastics %K at 94.10% indicates the stock is a selling.
