In a filing, Axon Enterprise Inc revealed its Director GARNREITER MICHAEL unloaded Company’s shares for reported $0.44 million on Oct 15 ’24. In the deal valued at $437.98 per share,1,000 shares were sold. As a result of this transaction, GARNREITER MICHAEL now holds 26,259 shares worth roughly $15.84 million.
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Then, SMITH PATRICK W sold 4,767 shares, generating $1,926,545 in total proceeds. Upon selling the shares at $404.14, the CHIEF EXECUTIVE OFFICER now owns 2,925,060 shares.
Before that, SMITH PATRICK W sold 112,940 shares. Axon Enterprise Inc shares valued at $45,513,920 were divested by the CHIEF EXECUTIVE OFFICER at a price of $402.99 per share. As a result of the transaction, SMITH PATRICK W now holds 2,929,827 shares, worth roughly $1.77 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 Friday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock jump 28.68% to $603.18. Over the last five days, the stock has gained 41.64%. Axon Enterprise Inc shares have risen nearly 133.49% since the year began. Nevertheless, the stocks have risen 162.73% over the past one year. While a 52-week high of $471.00 was reached on 11/08/24, a 52-week low of $212.88 was recorded on 01/05/24. SMA at 50 days reached $414.16, while 200 days put it at $331.59.
Levels Of Support And Resistance For AXON Stock
The 24-hour chart illustrates a support level at 541.49, which if violated will result in even more drops to 479.81. On the upside, there is a resistance level at 638.37. A further resistance level may holdings at 673.57. The Relative Strength Index (RSI) on the 14-day chart is 90.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 56.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.59%. Stochastics %K at 94.34% 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 2024-10-15, growing by 0.36 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.1 million shares. There was a rise of 14.7%, 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.
