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Why Axon Enterprise Stock Was Falling Today

TheMotleyFool

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Why Axon Enterprise Stock Was Falling Today: https://g.foolcdn.com/editorial/images/834978/axon_2023_axonbody4_confidential_january_lafayette_in_productshoot_062.jpg

Shares of Axon Enterprise (NASDAQ: AXON) were heading lower today in a sell-off that picked up as the session went on.

The pullback seemed to be a response to the company's announcement yesterday that it was acquiring Prepared, an artificial intelligence (AI)-powered 911 communications company.

As of 2:58 p.m. ET, the stock was down 8.8%, even as it received a bullish analyst note from Piper Sandler last night.

Source Fool.com