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An Analysis of Axis Capital Holdings Ltd (AXS)’s Potential Price Growth

Axis Capital Holdings Ltd’s filing revealed that its Director SMITH HENRY B unloaded Company’s shares for reported $0.53 million on Jun 03 ’24. In the deal valued at $72.90 per share,7,217 shares were sold. As a result of this transaction, SMITH HENRY B now holds 48,019 shares worth roughly $3.4 million.

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Then, GALANSKI STANLEY A bought 2,000 shares, generating $142,860 in total proceeds. Upon buying the shares at $71.43, the Director now owns 11,763 shares.

Before that, Millegan Michael bought 1,400 shares. Axis Capital Holdings Ltd shares valued at $100,086 were divested by the Director at a price of $71.49 per share. As a result of the transaction, Millegan Michael now holds 9,016 shares, worth roughly $0.64 million.

Keefe Bruyette upgraded its Axis Capital Holdings Ltd [AXS] rating to an Outperform from a a Mkt perform in a research note published on November 13, 2023; the price target was increased to $66 from $59. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid September from “an Underperform” to “a Buy”. Goldman began covering AXS with “Sell” recommendation on September 08, 2023. Keefe Bruyette revised its rating on December 19, 2022. It rated AXS as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of AXS

On Tuesday, Axis Capital Holdings Ltd [NYSE:AXS] saw its stock jump 1.71% to $70.82. Over the last five days, the stock has gained 0.74%. Axis Capital Holdings Ltd shares have risen nearly 27.90% since the year began. Nevertheless, the stocks have risen 28.90% over the past one year. While a 52-week high of $74.05 was reached on 05/31/24, a 52-week low of $52.02 was recorded on 01/16/24. SMA at 50 days reached $67.65, while 200 days put it at $60.29. A total of 0.3 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For AXS Stock

The 24-hour chart illustrates a support level at 70.04, which if violated will result in even more drops to 69.26. On the upside, there is a resistance level at 71.26. A further resistance level may holdings at 71.70. The Relative Strength Index (RSI) on the 14-day chart is 53.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.57%. Stochastics %K at 25.98% indicates the stock is a holding.

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