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Dec. 24, 2014, 1:31 PM
- Shares of TASER International (NASDAQ:TASR), a maker of electronic control devices, and Digital Ally (NASDAQ:DGLY), which provides video imaging services including the in-car videos used by police use, racked up strong gains following the shooting of an 18-year-old black man by police Tuesday in Missouri.
- Police say the officer shot and killed the man after he pointed a gun at him at a gas station.
- TASR +3.2%, DGLY +5.5% in today's trade.
Dec. 23, 2014, 7:52 AM
- Taser shares (NASDAQ:TASR) are continuing to climb higher, after soaring 8.7% yesterday on a new order announcement and recent police shootings.
- Taser is now up 1.8% premarket on a new purchase of 415 Axon body cameras and a five-year subscription to Evidence.com from the Pasco County Sheriff's Office in Florida.
Dec. 22, 2014, 8:18 AM
Dec. 17, 2014, 9:15 AM
- The LAPD has signed a contract to buy 800 of Taser's (NASDAQ:TASR) Axon body cameras. Moreover, the city states Mayor Eric Garcetti will "provide funding in his budget for FY 2015-16 to acquire the approximately 7,000 total cameras needed to ensure all officers on the street will be outfitted."
- The announcement comes two weeks after the White House agreed to provide $75M in matching funds for the purchase of 50K body cameras by local and state law enforcement agencies. NYC recently began a trial program.
- Both Digital Ally (NASDAQ:DGLY) and Taser are up sharply on the news. DGLY has been on a roller-coaster ride over the last few weeks.
Dec. 17, 2014, 9:13 AM
Dec. 17, 2014, 8:25 AM
- Taser (NASDAQ:TASR) has announced the purchase of 860 AXON body-worn video cameras and a five-year subscription to EVIDENCE.com from the Los Angeles Police Department.
- The order was announced by the Mayor of Los Angeles yesterday, along with intention to budget for a total of approximately 7K cameras in the next budget year to equip all front line LAPD officers.
- TASR +5.5% premarket
Dec. 12, 2014, 2:47 PM
- Rep. Emanuel Cleaver (D-Mo.) has introduced a bill requiring police officers in any law enforcement agency receiving DOJ grants to wear body cameras. Digital Ally (NASDAQ:DGLY) has blasted off following the news, and Taser (NASDAQ:TASR) has moved moderately higher.
- Both names surged last week after the White House announced it's providing $75M in funding for the purchase of 50K body cameras by U.S. police departments. DGLY had sold off over the last five trading days.
Dec. 9, 2014, 9:49 AM
- Taser (TASR -6.6%) shares continue to sink following a recent string of downgrades. Yesterday, Ladenburg Thalmann lowered the company from Buy to Neutral, following similar downgrades at JPMorgan and CRT Capital.
- Taser also declared the elimination of its COO position yesterday to "give the executive team more visibility into both international and North American sales," announced spokesman Steve Tuttle.
- COO Jeffrey Kukowski will leave the company on Jan. 5 after serving in the position since July 2013.
Dec. 9, 2014, 9:09 AM
Dec. 8, 2014, 10:40 AM
Dec. 4, 2014, 2:12 PM
- With police body cameras continuing to generate a lot of ink, Digital Ally (DGLY +16.5%) and Taser (TASR +6%) are surging again. Thanks in part to the White House's funding announcement, DGLY is up 62% on the week, and Taser is up 13%.
- A New York grand jury's decision not to indict police officers for the choking death of Eric Garner (recorded on video) has led critics to argue the impact of body cameras has been overstated. Proponents counter the event only received nationwide attention due to its footage.
- Meanwhile, an NYPD body camera test will start this week, and Massachusetts' Chiefs of Police Association has backed their use.
Dec. 4, 2014, 7:48 AM
- TASER (NASDAQ:TASR) announces it received multiple large orders from police departments for its Evidence.com and body camera products.
- The company expects to make shipments related to the fresh orders in Q4.
- TASR +2.8% premarket to take back some ground lost yesterday off of a stinging JPMorgan downgrade.
- Previously: TASER slides after JPMorgan downgrade
TASR vs. ETF Alternatives
TASER International, Inc., develops, manufactures and sells conducted electrical weapons (CEWs) designed for use in law enforcement, military, corrections, private security and personal defense.
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