The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Axon Enterprise Inc shares valued at $45,513,920 were sold by SMITH PATRICK W on Oct 02 ’24. At $402.99 per share, SMITH PATRICK W sold 112,940 shares. The insider’s holdings dropped to 2,929,827 shares worth approximately $1.22 billion following the completion of this transaction.
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Also, SMITH PATRICK W sold 47,314 shares, netting a total of over 18,928,997 in proceeds. Following the sale of shares at $400.07 each, the insider now holds 2,983,802 shares.
Before that, SMITH PATRICK W had sold 4,746 shares from its account. In a trade valued at $1,898,515, the CHIEF EXECUTIVE OFFICER traded Axon Enterprise Inc shares for $400.02 each. Upon closing the transaction, the insider’s holdings decreased to 4,746 shares, worth approximately $1.22 billion.
As published in a research note from JMP Securities on September 12, 2024, Axon Enterprise Inc [AXON] has been retained to a Mkt outperform and the price target has been revised to $430. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of July 17, 2024, BofA Securities has initiated its “Buy” rating for AXON. Earlier on April 10, 2024, Needham resumed its rating. Their recommendation was “a Buy” for AXON stock.
Analyzing AXON Stock Performance
During the last five days, there has been a surge of approximately 5.54%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 60.67%. Shares of the company reached a 52-week high of $415.11 on 10/03/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $362.35, while a 200-day SMA reached $306.75. Nevertheless, trading volume fell to 0.93 million shares from 0.59 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 407.10, which, if violated, would cause prices to drop to 399.16. In the upper region, resistance lies at 419.05. The next price resistance is at 423.06. RSI (Relative Strength Index) is 78.98 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.67, which suggests the price will increase in the coming days. Percent R is at 0.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
