Investing.com — Axon, a technology and arms company, experienced a significant decline on Monday, with its shares down 8.0% to $553.13.
This reduction reduced the company’s market capitalization by approximately $3.65 billion.
Monday’s drop was Axon’s steepest intraday drop since May 10, 2023, with the company’s stock down as much as 8.5%.
This decline sent the company’s stock down to its lowest level since November 8, 2024, at $550.20.
Despite the recent decline, Axon’s performance over the past year has shown growth.
As of last close, Axon shares are up 1.1% this year and are up a significant 146% over the past 12 months.
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