Jim Cramer on Axon: “It’s Still Too Heavy a Stock”

Axon Enterprise, Inc. (NASDAQ:AXON) is one of the stocks Jim Cramer shared his opinion on. A caller asked about Cramer’s thoughts on the stock, and he remarked:

You know, I saw the body camera story in Minnesota. First thing I said was like, does Axon have that contract? And I don’t know the answer. I’m going to certainly find out about it. I know that the stock was up because of it, and then reversed. I want you to trim it again, alright? I want you to trim it again because it should have been up today, and it wasn’t. The fact that it erased that gain very quickly tells me it’s still too heavy a stock. Take some more off, and then you really can let the rest run. You called me on it, and I just think I should tell you that. I don’t want to say, hey, don’t worry about it. I can’t do that. It’s not acting well.

A stock market chart. Photo by Arturo A on Pexels

Axon Enterprise, Inc. (NASDAQ:AXON) develops and sells TASER devices, body and fleet cameras, and software solutions that help law enforcement capture, store, and manage digital evidence.

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Disclosure: None. This article is originally published at Insider Monkey.