Why Axon Enterprise Stock Fell Today
Shares of law enforcement technology company Axon Enterprise (NASDAQ: AXON) fell 10% on Tuesday, and surprisingly, there isn't a good explanation for the drop. There weren't any new press releases, filings, or comments from analysts. This commentary doesn't feel satisfying; we feel like there always has to be something behind a big move like this. But sometimes the stock market is just this way.
Unlike many other investments, the market is volatile. For example, it would be crazy to see home values fall 10% in a day. But stocks can, and frequently do, fall unexpectedly. Some say this is the risk that comes with investing in stocks. But I beg to differ. Axon's drop today merely illustrates the volatility that comes with stocks. Consider that Axon's stock is still up over 40% in 2021, and there's not a real satisfying explanation for that much of a rise, either. Volatility works both ways.
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Source Fool.com
