Shares closed at $385.86 on Wednesday as the S&P 500 gained 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
Axon outperformed some peers, with Motorola Solutions down 0.99% and Sturm Ruger falling 3.02% in the same session.
Even after the rebound, Axon remained 56.45% below its 52-week high of $885.92 reached on August 5, while trading volume of 2.2 million topped its 50-day average of 1.1 million.
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