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Why is Axon Enterprise (AAXN) Soaring Today?
Shares of Axon Enterprise closed up 18.15% on Monday in the wake of nationwide protests against police brutality that occurred over the weekend.
Formerly Taser International, Axon sells law enforcement supplies like taser stun guns and body cameras, as well as software that allows police to store and analyze camera footage.
Investment firm Oppenheimer said in a note that Axon is one of several companies that could help in reform efforts of government agencies like police departments.
Axon now has a market cap of over $5 billion, and the stock has gained about 22.5% year-to-date.
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From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.
Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.
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