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Axon Enterprise Inc [AXON] Insider Activity: An Update for Investors

Axon Enterprise Inc’s filing revealed that its Officer JEFFREY C KUNINS acquired Company’s shares for reported $0.65 million on Dec 23 ’24. In the deal valued at $631.69 per share,1,035 shares were bought.

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Then, Isner Joshua sold 1,291 shares, generating $829,375 in total proceeds. Upon selling the shares at $642.43, the PRESIDENT now owns 181,892 shares.

Before that, Kunins Jeffrey C sold 1,370 shares. Axon Enterprise Inc shares valued at $875,623 were divested by the CPO & CTO at a price of $639.14 per share. As a result of the transaction, Kunins Jeffrey C now holds 125,950 shares, worth roughly $78.61 million.

Morgan Stanley upgraded its Axon Enterprise Inc [AXON] rating to an Overweight from a an Equal-weight in a research note published on December 03, 2024; the price target was increased to $700 from $500. A number of analysts have revised their coverage, including JMP Securities’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Mkt outperform”‘ rating for it. Jefferies began covering AXON with “Buy” recommendation on July 17, 2024. BofA Securities started covering the stock on July 17, 2024. It rated AXON as “a Buy”.

Price Performance Review of AXON

On Monday, Axon Enterprise Inc [NASDAQ:AXON] saw its stock fall -1.20% to $624.14. Over the last five days, the stock has lost -3.87%. Axon Enterprise Inc shares have risen nearly 141.61% since the year began. Nevertheless, the stocks have risen 143.01% over the past one year. While a 52-week high of $698.67 was reached on 12/06/24, a 52-week low of $241.72 was recorded on 01/05/24. SMA at 50 days reached $559.26, while 200 days put it at $384.92.

Levels Of Support And Resistance For AXON Stock

The 24-hour chart illustrates a support level at 613.23, which if violated will result in even more drops to 602.32. On the upside, there is a resistance level at 638.79. A further resistance level may holdings at 653.44. The Relative Strength Index (RSI) on the 14-day chart is 52.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.17%. Stochastics %K at 21.51% indicates the stock is a holding.

How much short interest is there in Axon Enterprise Inc?

A steep rise in short interest was recorded in Axon Enterprise Inc stocks on 2024-11-29, dropping by -0.15 million shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.4 million shares. There was a decline of -6.56%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 10, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $400.

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