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Why Axon Enterprise Stock Popped Today
Key takeaways
- The news was enough to send the stock up 10.5% as of 11:44 a.m.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- According to federal disclosures, Trump purchased between $1 million and $5 million in Axon stock on Feb. 10, which was about two weeks before ICE solicited a five-year $220 million TASER contract with Axon.
AXON NVDA 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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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