Axon Falls After Unfavorable PTO Ruling In Lawsuit With Digital Ally

Axon Enterprise Inc AAXN shares are trading lower by 40 cents (1.6 percent) at $24.55 in Friday's session.

The stock has been under selling pressure since it was announced Digital Ally DGLY has received a favorable PTO ruling in their patent lawsuit against the company.

See Also: Digital Ally Wins Critical PTO Ruling In Patent Lawsuit With Axon

After a lower open, Axon immediately found support at $23.78 and reversed course. That low comes just under the multiple lows the stock made from $23.98 to $24.17 in several sessions from the last day of May through mid-June.

At this time, the rebound off that low has exceeded Thursday's low ($24.94) but has yet to reach the close of $25.05, as $24.96 stands as the high for the session as of 10:45 a.m. EST.