American Axle & Manufacturing Holdings (AXL) Shares are Up 1.13%

American Axle & Manufacturing Holdings (AXL) : Traders are bullish on American Axle & Manufacturing Holdings (AXL) as it has outperformed the S&P 500 by a wide margin of 10.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.13% in the last 1 week, and is up 11.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 10.47%. American Axle & Manufacturing Holdings (NYSE:AXL): On Fridays trading session , Opening price of the stock was $17.86 with an intraday high of $17.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.69. However, the stock managed to close at $17.89, a loss of 0.17% for the day. On the previous day, the stock had closed at $17.92. The total traded volume of the day was 551,482 shares.


The company Insiders own 0.91% of American Axle & Manufacturing Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.96% . Institutional Investors own 98.41% of American Axle & Manufacturing Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -26.73%. Also, Major Brokerage house, Barclays maintains its ratings on American Axle & Manufacturing Holdings (NYSE:AXL). In the latest research report, Barclays raises the target price from $17 per share to $18 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on August 2, 2016.

American Axle & Manufacturing Holdings, Inc. is an automotive supplier. The Company manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. The Companys technologies include PowerLite axles, PowerDense gears and PowerFilm lubricant for passenger car, light truck and AWD applications. It operates in 13 countries and has 37 manufacturing, engineering and business office facilities across the world.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.