The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Axon Enterprise Inc shares valued at $437,980 were sold by GARNREITER MICHAEL on Oct 15 ’24. At $437.98 per share, GARNREITER MICHAEL sold 1,000 shares. The insider’s holdings dropped to 26,259 shares worth approximately $11.12 million following the completion of this transaction.
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Also, SMITH PATRICK W sold 4,767 shares, netting a total of over 1,926,545 in proceeds. Following the sale of shares at $404.14 each, the insider now holds 2,925,060 shares.
Before that, SMITH PATRICK W had sold 112,940 shares from its account. In a trade valued at $45,513,920, the CHIEF EXECUTIVE OFFICER traded Axon Enterprise Inc shares for $402.99 each. Upon closing the transaction, the insider’s holdings decreased to 112,940 shares, worth approximately $1.24 billion.
As published in a research note from JMP Securities on September 12, 2024, Axon Enterprise Inc [AXON] has been retained to a Mkt outperform and the price target has been revised to $430. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of July 17, 2024, BofA Securities has initiated its “Buy” rating for AXON. Earlier on April 10, 2024, Needham resumed its rating. Their recommendation was “a Buy” for AXON stock.
Analyzing AXON Stock Performance
During the last five days, there has been a drop of approximately -4.43%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 63.94%. Shares of the company reached a 52-week high of $455.17 on 10/22/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $401.39, while a 200-day SMA reached $325.08. Nevertheless, trading volume fell to 0.88 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Axon Enterprise Inc (AXON)
According to the 24-hour chart, there is a support level at 418.29, which, if violated, would cause prices to drop to 413.07. In the upper region, resistance lies at 432.81. The next price resistance is at 442.11. RSI (Relative Strength Index) is 48.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.05, which suggests the price will decrease in the coming days. Percent R is at 96.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
