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There are plenty of good reasons to sell a stock, and here's a good example.
While it's never a good idea to sell a stock just because its price went up, there are plenty of valid reasons to hit the sell button -- even if you love the business. In this video, Fool.com contributor Jon Quast explains why he just sold Axon Enterprise (AXON 0.65%) and United Rentals (URI -3.02%) despite both being excellent businesses.
*Stock prices used were the morning prices of Aug. 20, 2024. The video was published on Aug. 21, 2024.
Jon Quast has no position in any of the stocks mentioned. Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Axon Enterprise. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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