Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axon Enterprise Inc shares valued at $26,739,978 were sold by SMITH PATRICK W on Sep 03 ’24. At $356.53 per share, SMITH PATRICK W sold 75,000 shares. The insider’s holdings dropped to 2,970,366 shares worth approximately $1.06 billion following the completion of this transaction.
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Also, SMITH PATRICK W sold 50,000 shares, netting a total of over 18,201,051 in proceeds. Following the sale of shares at $364.02 each, the insider now holds 2,980,861 shares.
Before that, SMITH PATRICK W had sold 45,539 shares from its account. In a trade valued at $16,055,756, the CHIEF EXECUTIVE OFFICER traded Axon Enterprise Inc shares for $352.57 each. Upon closing the transaction, the insider’s holdings decreased to 45,539 shares, worth approximately $1.04 billion.
As published in their initiating research note from Jefferies on July 17, 2024, Axon Enterprise Inc [AXON] has been a Buy and the price target has been revised to $385. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of April 10, 2024, Needham has reiterated its “Buy” rating for AXON. Earlier on March 13, 2024, Argus initiated its rating. Their recommendation was “a Buy” for AXON stock.
Analyzing AXON Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 37.56%. Shares of the company reached a 52-week high of $378.89 on 08/21/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $327.55, while a 200-day SMA reached $290.88. Nevertheless, trading volume fell to 0.62 million shares from 0.58 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 350.67, which, if violated, would cause prices to drop to 345.99. In the upper region, resistance lies at 358.38. The next price resistance is at 361.41. RSI (Relative Strength Index) is 54.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.35, which suggests the price will decrease in the coming days. Percent R is at 78.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
