Axon Shares Plunge 8.5%, Marking Biggest Intraday Drop Since May 2023

Axon, a technology and weapons company, experienced a significant decline on Monday, with its shares dropping 8.0% to $553.13. This decline led to an approximately $3.65 billion decrease in the company's market value. The drop on Monday marked Axon's steepest intraday decline since May 10, 2023, with shares falling as much as 8.5%. This reduced the share price to $550.20, the lowest level since November 8, 2024. Despite the recent drop, Axon has shown growth in its performance over the past year. Based on the last close, Axon's stock has risen 1.1% this year and recorded a significant increase of 146% over the past 12 months.