3 Years Ago
1 Min Read
AXL is making big moves today. Find out why the stock is trading -5% lower:
American Axle & Manufacturing (AXL) is trading -5% lower at $10.45 today. So far the Consumer Discretionary sector has been having a slightly gloomy day, and the share price of the company is far behind it's peers.
- American Axle PT was raised to $9 at Citi and Deutsche Bank on Wednesday, indicating that there may be more upside potential for the stock in the near future.
- The company offers good leverage to a near-term recovery in U.S. light vehicle production, but the long-term outlook is uncertain.
- Victory Capital Management Inc. reduced its position in American Axle by 4,000 shares
American Axle & Manufacturing has been trading between a 52-week high of $11.96 and a 52-week low of $6.36. The stock has a market cap of $1.2 Billion.
AAM delivers POWER that moves the world. As a leading global tier 1 automotive supplier, AAM designs, engineers and manufactures driveline and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 20,000 associates operating at nearly 80 facilities in 17 countries to support its customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.
Headlines
American Axle (AXL): Underappreciated Today, But Uncertain Future Is A Major Overhang
Seeking Alpha 08-18-22
American Axle PT Raised to $9.50 at Citi
Investing.com 08-08-22
American Axle PT Raised to $9 at Deutsche Bank
Investing.com 08-08-22
American Axle & Manufacturing (AXL) Q2 2022 Earnings Call Transcript
The Motley Fool 08-05-22
American Axle PT Raised to $9 at RBC Capital
Investing.com 08-05-22
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