While this happened, TD Cowen initiated its American Axle & Manufacturing Holdings Inc [AXL] rating to a Hold in a research note published on March 07, 2025; the price target was $5. UBS also remained covering AXL and has increased its forecast on February 28, 2024 with a “Neutral” recommendation from previously “Sell” rating. UBS revised its rating on January 17, 2024. It rated AXL as “a Sell” which previously was an “a Neutral”.
Price Performance Review of AXL
On Monday, American Axle & Manufacturing Holdings Inc [NYSE:AXL] saw its stock fall -0.30% to $3.33. Over the last five days, the stock has gained 7.42%. American Axle & Manufacturing Holdings Inc shares have fallen nearly -42.88% since the year began. Nevertheless, the stocks have fallen -52.09% over the past one year. While a 52-week high of $7.98 was reached on 01/15/25, a 52-week low of $3.00 was recorded on 04/14/25. SMA at 50 days reached $4.41, while 200 days put it at $5.79.
Levels Of Support And Resistance For AXL Stock
The 24-hour chart illustrates a support level at 3.24, which if violated will result in even more drops to 3.14. On the upside, there is a resistance level at 3.39. A further resistance level may holdings at 3.44. The Relative Strength Index (RSI) on the 14-day chart is 34.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.00%. Stochastics %K at 31.37% indicates the stock is a holding.
How much short interest is there in American Axle & Manufacturing Holdings Inc?
A steep rise in short interest was recorded in American Axle & Manufacturing Holdings Inc stocks on 2025-03-31, growing by 2.48 million shares to a total of 12.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 10.07 million shares. There was a rise of 19.75%, which implies that there is a positive sentiment for the stock.
