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 $860,077 were sold by Cullivan Julie A on Dec 04 ’24. At $682.06 per share, Cullivan Julie A sold 1,261 shares. The insider’s holdings dropped to 2,392 shares worth approximately $1.65 million following the completion of this transaction.
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Also, Kunins Jeffrey C sold 2,304 shares, netting a total of over 1,508,628 in proceeds. Following the sale of shares at $654.79 each, the insider now holds 128,542 shares.
Before that, Kunins Jeffrey C had sold 333 shares from its account. In a trade valued at $222,141, the CPO & CTO traded Axon Enterprise Inc shares for $667.09 each. Upon closing the transaction, the insider’s holdings decreased to 333 shares, worth approximately $88.44 million.
As published in a research note from Morgan Stanley on December 03, 2024, Axon Enterprise Inc [AXON] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $700 from $500. Analysts at JMP Securities resumed the stock at ‘”a Mkt outperform”‘ outlook in a report released in mid September. As of July 17, 2024, Jefferies has initiated its “Buy” rating for AXON. Earlier on July 17, 2024, BofA Securities initiated 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 8.63%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 167.02%. Shares of the company reached a 52-week high of $695.94 on 12/05/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $505.55, while a 200-day SMA reached $364.60. Nevertheless, trading volume fell to 0.73 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 679.47, which, if violated, would cause prices to drop to 669.17. In the upper region, resistance lies at 698.01. The next price resistance is at 706.25. RSI (Relative Strength Index) is 81.25 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 46.34, which suggests the price will increase in the coming days. Percent R is at 5.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
