Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axon Enterprise Inc shares valued at $646,329 were sold by Kunins Jeffrey C on Dec 23 ’24. At $624.47 per share, Kunins Jeffrey C sold 1,035 shares. The insider’s holdings dropped to 124,243 shares worth approximately $77.5 million following the completion of this transaction.
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Also, JEFFREY C KUNINS purchased 1,035 shares, netting a total of over 653,799 in proceeds.
Before that, Isner Joshua had sold 1,291 shares from its account. In a trade valued at $829,375, the PRESIDENT traded Axon Enterprise Inc shares for $642.43 each. Upon closing the transaction, the insider’s holdings decreased to 1,291 shares, worth approximately $113.46 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 2.27%. Over the course of the year, Axon Enterprise Inc shares have jumped approximately 141.47%. Shares of the company reached a 52-week high of $698.67 on 12/06/24 and a 52-week low of $241.72 on 01/05/24. A 50-day SMA is recorded $566.92, while a 200-day SMA reached $388.09. Nevertheless, trading volume fell to 0.53 million shares from 0.59 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 619.84, which, if violated, would cause prices to drop to 615.88. In the upper region, resistance lies at 628.88. The next price resistance is at 633.96. RSI (Relative Strength Index) is 52.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.25, which suggests the price will decrease in the coming days. Percent R is at 78.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
