American Axle & Manufacturing Holdings (AXL) has been under a strong bear grip, hence the stock is down -0.5% 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 0.07% in the past 1 week. The stock has risen by 0.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.03% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.02% and the 50-Day Moving Average is 0.48%.The 200 Day SMA reached 8.58%
American Axle & Manufacturing Holdings (NYSE:AXL): After opening at $16.57, the stock dipped to an intraday low of $16.47 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.33 and the buying power remained strong till the end. The stock closed at $17.22 for the day, a gain of 4.62% for the day session. The total traded volume was 1,397,556. The stocks close on the previous trading day was $17.22.
American Axle & Manufacturing Holdings (AXL) : The highest short term price target forecast on American Axle & Manufacturing Holdings (AXL) is $27 and the lowest target price is $14. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $19.33 with a standard deviation of $3.64.
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.