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 $1.27 billion.
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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 $1.3 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 Tuesday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock fall -0.88% to $434.12. Over the last five days, the stock has gained 1.67%. Axon Enterprise Inc shares have risen nearly 68.05% since the year began. Nevertheless, the stocks have risen 101.51% over the past one year. While a 52-week high of $440.89 was reached on 10/14/24, a 52-week low of $199.29 was recorded on 01/05/24. SMA at 50 days reached $382.84, while 200 days put it at $313.66.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 426.44, which if violated will result in even more drops to 418.77. On the upside, there is a resistance level at 439.92. A further resistance level may holdings at 445.72. The Relative Strength Index (RSI) on the 14-day chart is 76.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.89%. Stochastics %K at 92.77% 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 2024-09-30, growing by 16750.0 shares to a total of 2.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.11 million shares. There was a rise of 0.79%, which implies that there is a positive 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.
