Investing.com — Axon, the technology and arms company, experienced a significant decline on Monday, with its shares falling 8.0% to $553.13.

This decline led to a decrease in the company’s market capitalization by approximately $3.65 billion.

Monday’s drop was the biggest intraday drop for Axon since May 10, 2023, with the company’s shares falling as much as 8.5%.

This decline led to the company’s shares hitting their lowest level since November 8, 2024, at $550.20.

Despite the recent decline, Axon’s performance last year showed growth.

As of last close, Axon’s stock is up 1.1% this year and has seen a whopping 146% gain over the past 12 months.

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