The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Axon Enterprise Inc shares valued at $2,240,000 were sold by Bagley Brittany on Nov 22 ’24. At $640.00 per share, Bagley Brittany sold 3,500 shares. The insider’s holdings dropped to 76,635 shares worth approximately $48.66 million following the completion of this transaction.
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Also, Isner Joshua sold 9,600 shares, netting a total of over 6,096,539 in proceeds. Following the sale of shares at $635.06 each, the insider now holds 189,567 shares.
Before that, BRITTANY BAGLEY had added 3,500 shares to its account. In a trade valued at $2,240,000, the Officer bought Axon Enterprise Inc shares for $640.00 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 4.12%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 145.79%. Shares of the company reached a 52-week high of $641.20 on 11/22/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $478.26, while a 200-day SMA reached $354.68. Nevertheless, trading volume fell to 0.51 million shares from 1.5 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 628.39, which, if violated, would cause prices to drop to 621.82. In the upper region, resistance lies at 638.95. The next price resistance is at 642.93. RSI (Relative Strength Index) is 77.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.85, which suggests the price will increase in the coming days. Percent R is at 4.94%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
