AXA (OTCMKTS:AXAHY) Shares Down 1.6% - Here's Why

Key Points

• AXA's stock price declined by 1.6% during trading, closing at $49.88, marking a decrease from its previous close of $50.70.
• Despite the decline, Barclays has reaffirmed an "overweight" rating on AXA shares, suggesting potential growth opportunities ahead.
• The trading volume of AXA shares saw a significant increase of 203% compared to the average session volume, indicating heightened investor interest.

Axa Sa (OTCMKTS:AXAHY - Get Free Report)'s stock price fell 1.6% during trading on Monday . The company traded as low as $49.70 and last traded at $49.88. 432,667 shares were traded during mid-day trading, an increase of 203% from the average session volume of 142,569 shares. The stock had previously closed at $50.70.

Wall Street Analyst Weigh In

Separately, Barclays reaffirmed an "overweight" rating on shares of AXA in a research note on Wednesday, June 11th.

AXA Stock Performance

The business's 50 day moving average is $48.63 and its 200 day moving average is $45.21.

About AXA

AXA SA, through its subsidiaries, provides insurance, asset management, and banking services worldwide. The company operates through six segments: France; Europe; AXA XL; Asia, Africa & EME-LATAM; AXA Investment Managers; and Transversal & Other segments It offers life and savings insurance products, such as savings and retirement, other health, and personal protection products.

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