Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axon Enterprise Inc shares valued at $580,387 were sold by Kalinowski Caitlin Elizabeth on May 20 ’24. At $290.19 per share, Kalinowski Caitlin Elizabeth sold 2,000 shares. The insider’s holdings dropped to 7,829 shares worth approximately $2.19 million following the completion of this transaction.
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Also, Isner Joshua sold 44,000 shares, netting a total of over 13,638,357 in proceeds. Following the sale of shares at $309.96 each, the insider now holds 275,843 shares.
Before that, Kunins Jeffrey C had sold 43,668 shares from its account. In a trade valued at $13,534,282, the CPO & CTO traded Axon Enterprise Inc shares for $309.94 each. Upon closing the transaction, the insider’s holdings decreased to 43,668 shares, worth approximately $53.12 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 -3.60%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 8.38%. 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 $306.54, while a 200-day SMA reached $252.90. Nevertheless, trading volume fell to 0.74 million shares from 0.97 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 277.36, which, if violated, would cause prices to drop to 274.73. In the upper region, resistance lies at 284.44. The next price resistance is at 288.90. RSI (Relative Strength Index) is 30.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.26, which suggests the price will decrease in the coming days. Percent R is at 98.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
