Investing.com – Axon, the technology and weapons company, saw a big decline on Monday, with shares falling 8.0% to $553.13.
This decline led to a decrease in the company's market value by about $3.65 billion.
Monday's decline was Axon's biggest intraday drop since May 10, 2023, with the company's shares falling as much as 8.5%.
This decline brought the company's shares to their 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 the last close, Axon stock is up 1.1% this year and has seen a massive 146% increase over the past 12 months.
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