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Why did Axon Enterprise (AXON) stock go down on Oct 16, 2026?

Updated ยท Data: Nasdaq daily prices through Oct 16, 2026 close; SEC EDGAR

Quick answer

Axon Enterprise (AXON) fell 6.4% to $390.29 on Friday, Oct 16, 2026, on 1.4x its 50-day average volume. There was no new SEC filing from the company in the five days up to the session, so the filing record does not explain the move.

Close (Oct 16, 2026)$390.29
Change-6.4%
Volume vs 50-day avg1.4x
From 52-week high-48.9%

What the data shows about the move

AXON move in numbers

MetricValue
Close$390.29
Previous close$417.19
Change ($)-$26.90
Change (%)-6.45%
Day high / low$422.81 / $388.56
Volume1,422,676
50-day average volume996,145
52-week high / low$764.02 / $339.01
Above 52-week low+15.1%
50-day average price$502.70
200-day average price$488.66

Last 10 sessions

DateCloseChangeVolume
Oct 16, 2026$390.29-6.45%1,422,676
Oct 15, 2026$417.19+2.15%908,597
Oct 14, 2026$408.42-1.19%1,040,856
Oct 13, 2026$413.35-0.26%724,413
Oct 12, 2026$414.43-2.00%584,365
Oct 9, 2026$422.89+1.34%745,061
Oct 8, 2026$417.31+2.79%1,571,924
Oct 7, 2026$406.00-3.01%924,947
Oct 6, 2026$418.62+1.65%1,477,458
Oct 5, 2026$411.81-0.37%1,055,133

Peers in Ordnance And Accessories

CompanyClose Oct 16, 2026Change
NPK National Presto Industries$149.05+1.15%
RGR Sturm Ruger &$43.38+1.02%
SWBI Smith & Wesson Brands$14.14-0.14%

Bull vs bear points from the data

Bull points

  • None stand out in the price data.

Bear points

  • Closed below its 50-day average price ($502.70).
  • Below its 200-day average ($488.66), the long-term trend line.
  • Still 48.9% below its 52-week high of $764.02.
  • Down 7.7% over the last five sessions.

Points are computed from price, volume and filing data only; they are not forecasts or recommendations.

Latest SEC filings for AXON

FormFiledDetailLink
4Oct 2, 2026FORM 4EDGAR
8-KSep 21, 2026Items 1.01,2.03,7.01,9.01EDGAR
424B5Sep 17, 2026424B5EDGAR
424B5Sep 15, 2026424B5EDGAR
8-KSep 15, 2026Items 1.01,2.03,7.01,9.01EDGAR
4Sep 14, 2026FORM 4EDGAR

For the full picture, including financials from SEC filings and insider trades, see our AXON stock analysis.

Sources

  1. SEC EDGAR: Axon Enterprise Form 4 filing index (filed Oct 2, 2026)
  2. SEC EDGAR: Axon Enterprise Form 8-K filing index (filed Sep 21, 2026)
  3. SEC EDGAR: Axon Enterprise Form 424B5 filing index (filed Sep 17, 2026)
  4. SEC EDGAR: Axon Enterprise Form 424B5 filing index (filed Sep 15, 2026)
  5. SEC EDGAR: Axon Enterprise Form 8-K filing index (filed Sep 15, 2026)
  6. SEC EDGAR: Axon Enterprise Form 4 filing index (filed Sep 14, 2026)
  7. Nasdaq: AXON historical prices and volume (daily data through Oct 16, 2026 close, retrieved Oct 19, 2026)
  8. Nasdaq: NPK historical prices (peer) (Oct 16, 2026 close)
  9. Nasdaq: RGR historical prices (peer) (Oct 16, 2026 close)
  10. Nasdaq: SWBI historical prices (peer) (Oct 16, 2026 close)
  11. Nasdaq: AXON earnings date (retrieved Oct 19, 2026)