Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axos Financial Inc. shares valued at $2,431,650 were sold by Micheletti Andrew J on Sep 10 ’24. At $62.35 per share, Micheletti Andrew J sold 39,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Micheletti Andrew J sold 5,197 shares, netting a total of over 328,087 in proceeds. Following the sale of shares at $63.13 each, the insider now holds 424,149 shares.
Before that, Micheletti Andrew J had sold 1,000 shares from its account. In a trade valued at $62,350, the EVP, Finance traded Axos Financial Inc. shares for $62.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $25.58 million.
As published in a research note from Keefe Bruyette on July 31, 2024, Axos Financial Inc. [AX] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $79. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of July 11, 2022, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for AX. Earlier on June 30, 2022, Wedbush downgraded its rating. Their new recommendation was “a Neutral” for AX stock which previously was a “an Outperform”.
Analyzing AX Stock Performance
During the last five days, there has been a drop of approximately -3.29%. Over the course of the year, Axos Financial Inc. shares have jumped approximately 10.73%. Shares of the company reached a 52-week high of $79.15 on 07/30/24 and a 52-week low of $44.10 on 06/04/24. A 50-day SMA is recorded $65.88, while a 200-day SMA reached $57.59. Nevertheless, trading volume fell to 0.73 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Axos Financial Inc. (AX)
According to the 24-hour chart, there is a support level at 59.78, which, if violated, would cause prices to drop to 59.11. In the upper region, resistance lies at 60.81. The next price resistance is at 61.16. RSI (Relative Strength Index) is 37.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.41, which suggests the price will decrease in the coming days. Percent R is at 89.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
