Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is quoted under the symbol “AAXN” on The NASDAQ Global Select Market. The following tables set forth the high and low sales prices per share for our common stock as reported by NASDAQ for each quarter of the last two fiscal years.
| High | Low | ||||||
| Year Ended December 31, 2017: | |||||||
| First quarter | $ | 27.56 | $ | 22.05 | |||
| Second quarter | 28.17 | 21.18 | |||||
| Third quarter | 26.31 | 21.25 | |||||
| Fourth quarter | 27.09 | 20.57 |
| High | Low | ||||||
| Year Ended December 31, 2016: | |||||||
| First quarter | $ | 20.69 | $ | 13.56 | |||
| Second quarter | 24.94 | 17.18 | |||||
| Third quarter | 30.15 | 24.46 | |||||
| Fourth quarter | 28.49 | 21.50 |
Holders
As of December 31, 2017, there were 255 holders of record of our common stock.
Dividends
To date, the Company has not declared or paid cash dividends on its common stock. The Company does not intend to pay cash dividends in the foreseeable future, and its revolving line of credit prohibits the payment of cash dividends.
Issuer Purchases of Equity Securities
In February 2016, the Company's Board of Directors authorized a stock repurchase program to acquire up to $50.0 million of the Company’s outstanding common stock subject to stock market conditions and corporate considerations. The stock repurchase program does not have a stated expiration date. During the year ended December 31, 2017, no common shares were purchased under the program. As of December 31, 2017 and 2016, $16.3 million remains available under the plan for future purchases. During 2016, the Company suspended its 10b-5 plan, and any future purchases would be discretionary.
Stock Performance Graph
The following stock performance graph compares the performance of our common stock to the NASDAQ Composite Index and the Russell 3000 Index. The graph covers the period from December 31, 2012 to December 31, 2017. The graph assumes that the value of the investment in our stock and in each index was $100 at December 31, 2012, and that all dividends were reinvested. We do not pay dividends on our common stock.

| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||||
| Axon Enterprise, Inc. | $ | 100.00 | $ | 177.63 | $ | 296.20 | $ | 193.40 | $ | 271.14 | $ | 296.42 | |||||||||||
| NASDAQ Composite | 100.00 | 141.63 | 162.09 | 173.33 | 187.19 | 242.29 | |||||||||||||||||
| Russell 3000 | 100.00 | 133.55 | 150.32 | 151.04 | 170.28 | 206.26 |
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