Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $28.66 million.
As published in their initiating research note from Needham on October 11, 2024, Axos Financial Inc [AX] has been a Buy and the price target has been revised to $82. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late July. As of February 21, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for AX. Earlier on July 11, 2022, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for AX stock which previously was a “a Mkt perform”.
Analyzing AX Stock Performance
During the last five days, there has been a surge of approximately 1.62%. Over the course of the year, Axos Financial Inc shares have jumped approximately 24.03%. 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 $64.86, while a 200-day SMA reached $58.68. Nevertheless, trading volume fell to 0.72 million shares from 0.35 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 66.69, which, if violated, would cause prices to drop to 65.66. In the upper region, resistance lies at 69.75. The next price resistance is at 71.78. RSI (Relative Strength Index) is 58.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 43.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
