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Why Axon Enterprise Stock Was Down 15% in July

TheMotleyFool

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Why Axon Enterprise Stock Was Down 15% in July

Shares of Axon Enterprise (NASDAQ: AAXN) fell 15.3% in July, according to data provided by S&P Global Market Intelligence. At one point, Axon stock was up 40% for 2020, as people see its product as a way to make law enforcement better.

But some cries to reduce funding for law enforcement agencies grew louder in July, leading investors to question Axon's future. The stock slipped as a result.