Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axon Enterprise Inc shares valued at $605,196 were sold by MCBRADY MATTHEW R on Nov 20 ’24. At $605.20 per share, MCBRADY MATTHEW R sold 1,000 shares. The insider’s holdings dropped to 3,892 shares worth approximately $2.37 million following the completion of this transaction.
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Also, Matthew McBrady purchased 1,000 shares, netting a total of over 610,350 in proceeds.
Before that, Bagley Brittany had sold 6,325 shares from its account. In a trade valued at $3,787,070, the COO & CFO traded Axon Enterprise Inc shares for $598.75 each. Upon closing the transaction, the insider’s holdings decreased to 6,325 shares, worth approximately $48.87 million.
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 1.42%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 136.06%. 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 $453.48, while a 200-day SMA reached $345.59. Nevertheless, trading volume fell to 0.57 million shares from 1.06 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 601.43, which, if violated, would cause prices to drop to 593.04. In the upper region, resistance lies at 615.73. The next price resistance is at 621.64. RSI (Relative Strength Index) is 81.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 59.07, which suggests the price will increase in the coming days. Percent R is at 7.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
