Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Axis Capital Holdings Ltd shares valued at $199,999,960 were sold by DAVIS CHARLES A on Mar 05 ’25. At $93.50 per share, DAVIS CHARLES A sold 2,139,037 shares. The insider’s holdings dropped to 2,404,133 shares worth approximately $227.79 million following the completion of this transaction.
Also, DAVIS CHARLES A sold 2,234,636 shares, netting a total of over 199,999,922 in proceeds. Following the sale of shares at $89.50 each, the insider now holds 4,543,170 shares.
Before that, SMITH HENRY B had sold 7,217 shares from its account. In a trade valued at $526,119, the Director traded Axis Capital Holdings Ltd shares for $72.90 each. Upon closing the transaction, the insider’s holdings decreased to 7,217 shares, worth approximately $4.55 million.
As published in their initiating research note from BMO Capital Markets on January 13, 2025, Axis Capital Holdings Ltd [AXS] has been a Market perform and the price target has been revised to $93. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of October 04, 2024, TD Cowen has initiated its “Buy” rating for AXS. Earlier on November 13, 2023, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for AXS stock which previously was a “a Mkt perform”.
Analyzing AXS Stock Performance
During the last five days, there has been a surge of approximately 0.83%. Over the course of the year, Axis Capital Holdings Ltd shares have jumped approximately 6.92%. Shares of the company reached a 52-week high of $98.11 on 03/03/25 and a 52-week low of $83.90 on 01/13/25. A 50-day SMA is recorded $90.75, while a 200-day SMA reached $81.17.
Support And Resistance Levels for Axis Capital Holdings Ltd (AXS)
According to the 24-hour chart, there is a support level at 93.98, which, if violated, would cause prices to drop to 93.20. In the upper region, resistance lies at 95.84. The next price resistance is at 96.93. RSI (Relative Strength Index) is 55.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.10, which suggests the price will increase in the coming days. Percent R is at 37.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
