Axon Trading Near 52-Week High: How Should You Play the Stock?

Shares of Axon Enterprise, Inc. (AXON) have been showing impressive gains of late, hovering at more than $630 per share in the past five trading sessions. The stock closed at $669.87 on Tuesday, just 0.8% below its 52-week high of $675.47.Year to date, the stock has surged 160.2%, outpacing the industry and the S&P 500 composite’s growth of 50.2% and 27.1%, respectively. The company has also outperformed other industry players like Allegion plc (ALLE) and Alarm.com Holdings, Inc. (ALRM) , which have returne ...