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Why Axon Enterprise Stock Popped Today

TheMotleyFool

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Why Axon Enterprise Stock Popped Today: https://g.foolcdn.com/editorial/images/876775/axon_2022_taser10_confidential_july_events_az_prshoot_product_clipped_002.png

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.

Source Fool.com