I was surprised to see AXON 8% down today. It seems they are having an outage. I couldn’t find any other news. Has anyone seen anything?
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I haven’t been able to find any news on this. Where are you seeing they are having an outage?
Thanks in dvance.
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It seems the Google AI gave me wrong info. I am still investigating.
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Benzinga reported: Axon Enterprise Unusual Options Activity on 1/3
High-rolling investors have positioned themselves bearish on Axon Enterprise (AXON.NaE) , and it’s important for retail traders to take note. \This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AXON often signals that someone has privileged information.
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IE expect a short report with everything and the kitchen sink thrown in. Not that most of it will be true.
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Well, a $2B commercial real estate development that includes new, spaceship layout corporate offices is a ripe piece of truth for a short report.
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I am seeing 1.3 billion over 5 years. Do you have a link to the 2 billion number?
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What if the stock went from $250 in Jan 2024 and was at $700 in Jan 2025, would that be a reason from some people to lock in profits? But, on Jan 6 the Naz and S&P were up while this was down big, slicing through the 50dma on volume 60% higher than average. You can see the volume bars at the bottom. There was huge up volume on the earnings gap up. Then there was the highest volume on 12/20/24. That was an upside reversal day. It looks like highest volume in 2024 and probably the highest volume day ever. That was a lot of professional buying. So it does seem strange that it would have such a bad day for no reason. From its peak, it has been falling down in an order, low volume manner, nothing unusual there. I would guess that is post Jan 1 profit taking.
Now if you were a short seller or bear, you might see all this and see that it is close to the 50dma. If you and your fellow bears had enough firepower, you would try very hard to push it below the 50dma. You know at that point that people would have stop losses that trigger and algos would be selling, then you push hard to make it get worse. But that could never happen, right?
@buynholdisdead Andy may be right about a short report, but it seems they would have wanted that out on that day or the next to maximize the pressure to sell.
Notice that is has NOT fallen below the low gap up day. This would be a logical sell point for lots of traders, so watch for that
But that gap day was not a fluke, this company is rocking earnings. I think their new drone capabilities are going to make lots of money. After the assassination attempt on Trump and after the mystery drones in NJ, police and the Gov are going to be buying a lot more defensive and surveillance drones. All that video footage probably has to be stored on evidence.com, more money for AXON. Take advantage of the dip when things look a little better.
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