American Axle & Manufacturing Holdings (AXL) Shares are Up 2.36%

American Axle & Manufacturing Holdings (AXL) has been under a strong bear grip, hence the stock is down -4.86% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.82% in the past 1 week. The stock has risen by 2.36% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.79% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.3% and the 50-Day Moving Average is 2.76%.The 200 Day SMA reached 2.31% American Axle & Manufacturing Holdings Inc. is up 2.55% in the last 3-month period. Year-to-Date the stock performance stands at -12.99%.


American Axle & Manufacturing Holdings (AXL) : The most positive equity analysts on American Axle & Manufacturing Holdings (AXL) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $19.33 with an expected fluctuation of $3.64 from the mean.

Company shares have received an average consensus rating of Hold for the current week American Axle & Manufacturing Holdings (NYSE:AXL): stock was range-bound between the intraday low of $16.35 and the intraday high of $16.59 after having opened at $16.5 on Fridays session. The stock finally closed in the red at $16.5, a loss of -0.60%. The stock remained in the red for the whole trading day. The total traded volume was 963,821 shares. The stock failed to cross $16.59 in Fridays trading. The stocks closing price on Thursday was $16.48.

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.

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