AAXN - Why Shares of Axon Jumped 29.2% in June
Shares of Axon Enterprise (NASDAQ: AAXN) jumped a whopping 29.2% in June, according to data provided by S&P Global Market Intelligence, as investors bid up one of the few companies that will benefit from changes in law enforcement.
Axon hasn't released any specific data about its business improving over the last couple of months, but it's a natural winner from the recent protests. The company supplies one of the only hardware and technical solutions to law enforcement agencies looking to provide more accountability to the public, so it's logical to think that business will pick up as a result of increased scrutiny.
An Axon Taser 7. Image source: Axon.