11/26

Axon Dips 0.54% After-Hours Amid Scottsdale HQ Opposition

Axon Enterprise, Inc. (AXON) shares are down 0.54% to $615.63 in after-hours trading, following a 2.82% decline to close at $619.00 on November 25, 2024. The after-hours dip comes amid growing opposition to Axon's plans to build a new global headquarters in Scottsdale, Arizona. The Scottsdale City Council recently approved the rezoning of a 74-acre area for Axon's proposed 400,000-square-foot facility, which would include retail shops, restaurants, hotels, and nearly 1,900 apartments. However, a local group, Taxpayers Against Awful Apartment Zoning Exemptions (TAAAZE), is leading a citizen initiative to halt the development, citing concerns over increased traffic and changes to the community's character. The group aims to collect enough signatures to force a referendum on the council's decision, potentially delaying the project for two years.