AAXN - Why Axon Enterprise Stock Jumped 27% Last Month
Shares of Axon Enterprise (NASDAQ: AAXN) moved 27% higher in November, according to data from S&P Global Market Intelligence , propelled in part by a strong third-quarter report. The maker of electroshock weapons and body cameras also took a post-election bounce, perhaps because investors expect President-elect Joe Biden to pursue criminal justice reform, which could favor the wider use of tools like body cameras to promote police accountability.
As you can see from the chart below, the bulk of the gains came in the first week of the month as the market responded to the election and the earnings report.
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Why Axon Enterprise Stock Jumped 27% Last Month