Axos Financial Inc.’s recently made public that its EVP, Finance Micheletti Andrew J unloaded Company’s shares for reported $2.43 million on Sep 10 ’24. In the deal valued at $62.35 per share,39,000 shares were sold. As a result of this transaction, Micheletti Andrew J now holds 0 shares worth roughly $0.0.
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Then, Micheletti Andrew J sold 5,197 shares, generating $328,087 in total proceeds. Upon selling the shares at $63.13, the EVP, Finance now owns 424,149 shares.
Before that, Micheletti Andrew J sold 1,000 shares. Axos Financial Inc. shares valued at $62,350 were divested by the EVP, Finance at a price of $62.35 per share. As a result of the transaction, Micheletti Andrew J now holds 423,149 shares, worth roughly $27.5 million.
Needham initiated its Axos Financial Inc. [AX] rating to a Buy in a research note published on October 11, 2024; the price target was $82. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Mkt perform”. Raymond James also remained covering AX and has decreased its forecast on February 21, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Keefe Bruyette revised its rating on July 11, 2022. It rated AX as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of AX
On Monday, Axos Financial Inc. [NYSE:AX] saw its stock fall -2.39% to $64.99. Over the last five days, the stock has gained 0.22%. Axos Financial Inc. shares have risen nearly 19.03% since the year began. Nevertheless, the stocks have risen 77.28% over the past one year. While a 52-week high of $79.15 was reached on 07/30/24, a 52-week low of $32.05 was recorded on 06/04/24. SMA at 50 days reached $64.37, while 200 days put it at $58.14.
Levels Of Support And Resistance For AX Stock
The 24-hour chart illustrates a support level at 63.98, which if violated will result in even more drops to 62.97. On the upside, there is a resistance level at 66.25. A further resistance level may holdings at 67.51. The Relative Strength Index (RSI) on the 14-day chart is 52.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.70%. Stochastics %K at 80.38% indicates the stock is a selling.
How much short interest is there in Axos Financial Inc.?
A steep rise in short interest was recorded in Axos Financial Inc. stocks on 2024-09-30, dropping by 42251.0 shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.29 million shares. There was a decline of -0.81%, which implies that there is a negative sentiment for the stock.
