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Axon Enterprise Inc [AXON] Investment Appeal on the Rise

In a filing, Axon Enterprise Inc revealed its Officer BRITTANY BAGLEY acquired Company’s shares for reported $2.24 million on Nov 22 ’24. In the deal valued at $640.00 per share,3,500 shares were bought.

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Then, Isner Joshua bought 9,600 shares, generating $6,096,539 in total proceeds.

Before that, MCBRADY MATTHEW R sold 1,000 shares. Axon Enterprise Inc shares valued at $605,196 were divested by the Director at a price of $605.20 per share. As a result of the transaction, MCBRADY MATTHEW R now holds 3,892 shares, worth roughly $2.48 million.

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 0.90% to $636.95. Over the last five days, the stock has gained 6.27%. Axon Enterprise Inc shares have risen nearly 146.56% since the year began. Nevertheless, the stocks have risen 180.76% over the past one year. While a 52-week high of $640.51 was reached on 11/22/24, a 52-week low of $224.28 was recorded on 01/05/24. SMA at 50 days reached $463.56, while 200 days put it at $349.26.

Levels Of Support And Resistance For AXON Stock

The 24-hour chart illustrates a support level at 626.57, which if violated will result in even more drops to 616.19. On the upside, there is a resistance level at 644.27. A further resistance level may holdings at 651.58. The Relative Strength Index (RSI) on the 14-day chart is 84.62, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 49.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.05%. Stochastics %K at 95.39% 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 2024-10-31, growing by 0.28 million shares to a total of 2.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.12 million shares. There was a rise of 11.68%, 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.

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