Selling Off Some Public Safety Shares After Big Gain
We're bowing to our Portfolio discipline but still locked in for the long term.
You're reading 0 of 1 free page.
Register to read more or Unlock Pro — 50% Off Ends Soon
| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
AXON | Sell | 55 | $545.75 | 395 | 4.0% |
After you receive this alert, the Portfolio will sell 55 shares of Axon Enterprise (AXON) at or near $545.75. Following the trade, the Portfolio will own 395 AXON shares, roughly 4.0% of its assets.
In analyzing Axon’s wonderful quarterly results, guidance and future contracted bookings, we reminded you about the incremental AXON shares we scooped up on February 10 at a considerably lower price than where the shares are on Thursday. The post-earnings pop we saw on Wednesday, along with the continued move higher on Thursday, has pushed the Portfolio’s overall position in AXON shares to more than 4.5% of its assets.
That is leading us to take advantage of the more than 21% gain compared to that February 10 pick up, to lock in some of that quick move, which at least in part has been fueled by some short covering. That also helps rebuild our cash following our move on Thursday morning to pick up some Netflix (NFLX) shares for the Portfolio.
Even after our profit taking move, the Portfolio still has a sizable positive in AXON shares, which will allow us to participate as the company delivers on its future contracted backlog and benefits from continued adoption of its products and services in public safety and other markets.
More Pro Portfolio
- Buying More Palantir After Enterprise Extending Partnership
- Tracking 24 Portfolio Signals Across 9 of Our Investing Themes
- Weekly Roundup: Market Jumps on Tariff Ruling, But Braces for New Trade Moves
(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade's executed price here. Be sure to toggle the chart to sort by Purchase Date.)
At the time of publication, TheStreet Pro Portfolio was long AXON and NFLX.
