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Axalta Coating Systems Ltd (AXTA) rating initates by Wolfe Research

Axalta Coating Systems Ltd’s recently made public that its SVP, Glbl Mobility Coatings Awada Hadi unloaded Company’s shares for reported $0.34 million on Dec 04 ’23. In the deal valued at $31.99 per share,10,500 shares were sold. As a result of this transaction, Awada Hadi now holds 14,656 shares worth roughly $0.51 million.

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Then, BERUBE BRIAN A sold 7,500 shares, generating $233,925 in total proceeds. Upon selling the shares at $31.19, the SVP and General Counsel now owns 44,408 shares.

Before that, Massey Anthony sold 17,915 shares. Axalta Coating Systems Ltd shares valued at $553,215 were divested by the VP, Global Controller, PAO at a price of $30.88 per share. As a result of the transaction, Massey Anthony now holds 19,420 shares, worth roughly $0.68 million.

Wolfe Research initiated its Axalta Coating Systems Ltd [AXTA] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. Citigroup began covering AXTA with “Buy” recommendation on June 14, 2023. RBC Capital Mkts revised its rating on February 17, 2023. It rated AXTA as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of AXTA

On Tuesday, Axalta Coating Systems Ltd [NYSE:AXTA] saw its stock fall -1.82% to $35.05. Over the last five days, the stock has lost -4.68%. Axalta Coating Systems Ltd shares have risen nearly 3.18% since the year began. Nevertheless, the stocks have risen 35.80% over the past one year. While a 52-week high of $37.78 was reached on 09/27/24, a 52-week low of $25.03 was recorded on 02/13/24. SMA at 50 days reached $35.64, while 200 days put it at $34.20.

Levels Of Support And Resistance For AXTA Stock

The 24-hour chart illustrates a support level at 34.69, which if violated will result in even more drops to 34.34. On the upside, there is a resistance level at 35.37. A further resistance level may holdings at 35.69. The Relative Strength Index (RSI) on the 14-day chart is 40.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.31%. Stochastics %K at 23.51% indicates the stock is a holding.

How much short interest is there in Axalta Coating Systems Ltd?

A steep rise in short interest was recorded in Axalta Coating Systems Ltd stocks on 2024-09-30, growing by 0.82 million shares to a total of 5.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.04 million shares. There was a rise of 14.0%, which implies that there is a positive sentiment for the stock.

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