Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axalta Coating Systems Ltd shares valued at $335,895 were sold by Awada Hadi on Dec 04 ’23. At $31.99 per share, Awada Hadi sold 10,500 shares. The insider’s holdings dropped to 14,656 shares worth approximately $0.6 million following the completion of this transaction.
Also, BERUBE BRIAN A sold 7,500 shares, netting a total of over 233,925 in proceeds. Following the sale of shares at $31.19 each, the insider now holds 44,408 shares.
As published in their initiating research note from Evercore ISI on November 13, 2024, Axalta Coating Systems Ltd [AXTA] has been an Outperform and the price target has been revised to $47. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in early March. As of January 08, 2024, UBS has decreased its “Buy” rating to a “Neutral” for AXTA. Earlier on June 14, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for AXTA stock.
Analyzing AXTA Stock Performance
During the last five days, there has been a surge of approximately 2.24%. Over the course of the year, Axalta Coating Systems Ltd shares have jumped approximately 19.69%. Shares of the company reached a 52-week high of $40.91 on 11/14/24 and a 52-week low of $30.40 on 02/13/24. A 50-day SMA is recorded $36.67, while a 200-day SMA reached $34.65. Nevertheless, trading volume fell to 2.18 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Axalta Coating Systems Ltd (AXTA)
According to the 24-hour chart, there is a support level at 40.45, which, if violated, would cause prices to drop to 40.24. In the upper region, resistance lies at 40.89. The next price resistance is at 41.12. RSI (Relative Strength Index) is 71.88 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 4.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
