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Insider Selling: Isner Joshua, Axon Enterprise Inc [AXON] PRESIDENT divested 20,000 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axon Enterprise Inc shares valued at $12,123,060 were sold by Isner Joshua on Nov 12 ’24. At $606.15 per share, Isner Joshua sold 20,000 shares. The insider’s holdings dropped to 208,166 shares worth approximately $125.17 million following the completion of this transaction.

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Also, JEFFREY C KUNINS purchased 21,834 shares, netting a total of over 13,302,895 in proceeds.

Before that, JEFFREY C KUNINS had added 21,834 shares to its account. In a trade valued at $12,966,791, the Officer bought Axon Enterprise Inc shares for $593.88 each.

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 surge of approximately 30.85%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 132.76%. Shares of the company reached a 52-week high of $624.84 on 11/11/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $428.90, while a 200-day SMA reached $336.85. Nevertheless, trading volume fell to 0.85 million shares from 1.39 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 594.96, which, if violated, would cause prices to drop to 588.62. In the upper region, resistance lies at 612.39. The next price resistance is at 623.48. RSI (Relative Strength Index) is 82.77 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 115.75, which suggests the price will increase in the coming days. Percent R is at 11.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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