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A Guide To The Risks Of Investing In Axos Financial Inc. (AX)

Axos Financial Inc.’s recently made public that its Director Wardell-Smith Sara acquired Company’s shares for reported $0.25 million on Mar 15 ’24. In the deal valued at $49.75 per share,5,000 shares were bought. As a result of this transaction, Wardell-Smith Sara now holds 5,000 shares worth roughly $0.29 million.

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Then, Micheletti Andrew J sold 13,000 shares, generating $665,080 in total proceeds. Upon selling the shares at $51.16, the EVP, Finance now owns 39,000 shares.

Before that, Micheletti Andrew J sold 13,668 shares. Axos Financial Inc. shares valued at $699,392 were divested by the EVP, Finance at a price of $51.17 per share. As a result of the transaction, Micheletti Andrew J now holds 52,000 shares, worth roughly $3.04 million.

Raymond James downgraded its Axos Financial Inc. [AX] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid July from “a Mkt perform” to “an Outperform”. Wedbush also remained covering AX and has decreased its forecast on June 30, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on January 28, 2022. It rated AX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AX

On Tuesday, Axos Financial Inc. [NYSE:AX] saw its stock jump 1.83% to $58.43. Over the last five days, the stock has gained 7.11%. Axos Financial Inc. shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 48.15% over the past one year. While a 52-week high of $63.00 was reached on 05/15/24, a 52-week low of $32.05 was recorded on 06/04/24. SMA at 50 days reached $55.72, while 200 days put it at $49.02. A total of 0.4 million shares were traded, compared to the trading of 0.8 million shares in the previous session.

Levels Of Support And Resistance For AX Stock

The 24-hour chart illustrates a support level at 57.69, which if violated will result in even more drops to 56.94. On the upside, there is a resistance level at 58.88. A further resistance level may holdings at 59.32. The Relative Strength Index (RSI) on the 14-day chart is 65.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.09%. Stochastics%K at 96.10% indicates the stock is a selling.

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