Rodney Russell
Axon Enterprise (AXON), the maker of the Taser and a growing suite of body cameras and cloud software for police departments, dropped 6.12% on July 8, 2026, to $600.75 even as its federal government business draws fresh scrutiny over a stock purchase by President Donald Trump. Axon now carries a $51.62 billion market cap, trades at a 233.75 price to earnings multiple, and has swung between $366.00 and $665.07 over the past year.
| Price | 600.75 USD |
|---|---|
| Day change | -39.22 (-6.12%) |
| 52-week range | 366.0 – 665.07 |
| Market cap | $51.62B |
| P/E ratio | 233.75 |
| EPS (ttm) | 2.57 |
| RSI (14) | 69.19 |
| Volume | 525,655 |
In Brief
- Trump disclosed a $1 million to $5 million Axon stake purchased February 10, per Office of Government Ethics filings released in May
- ICE posted a notice February 24 seeking roughly 17,800 tasers under a proposed five year, $220 million contract, with specs experts say match only Axon's Taser 10
- Axon shares jumped more than 20% over two trading sessions after the CNBC report before the July 8 pullback
- The company holds a $370 million DHS contract for body cameras and software signed in 2023, with about $67.5 million spent to date
- RSI sits at 69.19, just under the conventional overbought threshold of 70
The ICE Contract and the Timing Question
The sequence of events is what has drawn attention. Trump bought Axon shares on February 10. Fourteen days later, ICE published a notice for a proposed five year, $220 million contract covering roughly 17,800 new tasers, plus unlimited cartridges and training. The notice never names Axon directly, but three policing experts and procurement reviewers told CNBC that the listed specifications, a 45 foot range and ten targeted probes among them, describe only the Taser 10. Axon already accounts for roughly 90% of tasers sold domestically, according to investment firm Brown Advisory, so the pool of vendors capable of meeting those specs is effectively one.
Nobody has claimed Trump knew the ICE request was coming, or that ICE knew about his purchase. The White House says the holdings sit in a trust managed by Trump's children and independent firms, and spokesperson Anna Kelly told CNBC there are
