Why Axon Enterprise Stock Popped Today
The law enforcement tech stock gained on news that President Trump bought shares.
Overview
Shares of Axon Enterprise (NASDAQ: AXON) were moving higher today on reports that President Trump had bought the stock ahead of Immigration and Customs Enforcement (ICE) seeking a $220 million contract for TASERs, Axon's conductive electrical weapon.
The news was enough to send the stock up 10.5% as of 11:44 a.m. ET.
The Axon Taser 10 Image source: Axon.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.