Axon Enterprise shares are trading higher after the Federal Trade Commission dismissed its antitrust complaint against the company.
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission has dismissed its antitrust complaint against Axon Enterprise, leading to a rise in the company's shares.
October 09, 2023 | 3:58 pm
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Axon Enterprise's shares are trading higher after the FTC dismissed its antitrust complaint against the company.
The dismissal of the antitrust complaint by the FTC removes a significant legal hurdle for Axon Enterprise, which could have led to penalties or operational restrictions. This positive development is likely to boost investor confidence, leading to a short-term increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100