Axon's $270M Trading Volume Plummets 80% to Rank 410 in U.S. Listed Equities on September 22

On September 22, 2025, , . . , reflecting limited directional movement amid mixed market sentiment.

Recent developments highlight strategic shifts in Axon’s product pipeline and regulatory landscape. The company announced a partnership to enhance its digital policing solutions, aiming to integrate advanced analytics into its core offerings. Additionally, regulatory updates in key markets have prompted a reevaluation of compliance frameworks, potentially impacting future operational costs and market expansion plans.

Analysts note that Axon’s recent performance remains tied to its ability to navigate evolving industry demands. While the stock’s muted volume suggests reduced short-term speculative interest, long-term fundamentals hinge on the successful execution of its technology-driven growth initiatives. Market participants are closely monitoring upcoming earnings reports for insights into operational progress.

To run this back-test I need to nail down a couple of practical details that aren’t fully specified yet: 1. Market universe • Which exchange(s) should be screened each day––all U.S. listed common stocks, just the S&P 500, or another universe? 2. Trade implementation rules • Entry price: Do we rank stocks on today’s closing data and buy them at tomorrow’s open, or buy at today’s close? • Exit price: Sell at the next day’s close, or at the next day’s open (i.e., hold through one session vs. one 24-hour bar)? 3. Weighting method • Equal-weight the 500 names each day, or size by something else (e.g., inverse volatility)? 4. Benchmark / performance aggregation • Should the results be reported as an equal-weighted portfolio across all names, or do you want per-stock statistics?