We're Using a Market Overreaction to Scoop Up More of These Shares
We are also reiterating our rating as the business transformation continues.
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| Symbol | Transaction Type | # Shares Traded | Recent Price $ | Shares Owned After Trade | % Portfolio |
|---|---|---|---|---|---|
AXON | Buy | 20 | $710 | 283 | 3.65% |
After you receive this alert, we will buy 20 shares of Axon Enterprise (AXON) at or near $710. Following the trade, the Portfolio will own 283 AXON shares, roughly 3.65% of the Portfolio’s assets.
We are using the sharp, knee-jerk overreaction in the shares of Axon that we discussed on Wednesday to pick up some additional shares for the Portfolio. As we make this move, the much improved risk to reward tradeoff as Axon reaps the margin benefits tied to its mix shift to higher margin software and services, we reiterate our One rating. As we make these moves, we will our panic point to $635 from $650 and boost it as the shares move higher.
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(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 AXON.
