Axon Enterprise Inc’s filing revealed that its CHIEF EXECUTIVE OFFICER SMITH PATRICK W unloaded Company’s shares for reported $1.93 million on Oct 03 ’24. In the deal valued at $404.14 per share,4,767 shares were sold. As a result of this transaction, SMITH PATRICK W now holds 2,925,060 shares worth roughly $1.23 billion.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, SMITH PATRICK W sold 112,940 shares, generating $45,513,920 in total proceeds. Upon selling the shares at $402.99, the CHIEF EXECUTIVE OFFICER now owns 2,929,827 shares.
Before that, SMITH PATRICK W sold 47,314 shares. Axon Enterprise Inc shares valued at $18,928,997 were divested by the CHIEF EXECUTIVE OFFICER at a price of $400.07 per share. As a result of the transaction, SMITH PATRICK W now holds 2,983,802 shares, worth roughly $1.26 billion.
JMP Securities reiterated its Axon Enterprise Inc [AXON] rating to a Mkt outperform in a research note published on September 12, 2024; the price target was $430. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. BofA Securities began covering AXON with “Buy” recommendation on July 17, 2024. Needham maintained its rating on April 10, 2024. It rated AXON as “a Buy”.
Price Performance Review of AXON
On Monday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock fall -0.23% to $420.83. Over the last five days, the stock has gained 5.31%. Axon Enterprise Inc shares have risen nearly 62.90% since the year began. Nevertheless, the stocks have risen 114.59% over the past one year. While a 52-week high of $422.33 was reached on 10/07/24, a 52-week low of $192.63 was recorded on 01/05/24. SMA at 50 days reached $366.78, while 200 days put it at $308.40.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 416.73, which if violated will result in even more drops to 412.63. On the upside, there is a resistance level at 425.08. A further resistance level may holdings at 429.32. The Relative Strength Index (RSI) on the 14-day chart is 79.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.83%. Stochastics %K at 96.29% indicates the stock is a selling.
How much short interest is there in Axon Enterprise Inc?
A steep rise in short interest was recorded in Axon Enterprise Inc stocks on 2024-09-13, dropping by -0.28 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.38 million shares. There was a decline of -13.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 13, 2024 when Argus began covering the stock and recommended ‘”a Buy”‘ rating along with a $380 price target.
