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Stock Market & Financial Investment News

News Breaks
August 18, 2014
12:01 EDTTASRTASER rally continues with Ferguson still in focus
Shares of TASER (TASR) are continuing their recent advance today, amid speculation that the events in Ferguson, Missouri could increase demand for the company's cameras. But research firm CRT Capital warned that TASER's stock is likely to retreat to its previous levels. WHAT'S NEW: After an unarmed teenager was killed in the town of Ferguson, Missouri last week, activists called on police to begin wearing cameras, Bloomberg reported Friday night. TASER sells cameras that can be worn by police officers. Meanwhile, The Wall Street Journal reported this morning that more police departments have begun to deploy such cameras, as studies have shown that they could reduce the use of force by police officers and cut the number of complaints made by citizens. ANALYST REACTION: But research firm CRT Capital wrote that the events in Ferguson are unlikely to boost TASER's financial results. Although TASER is the only company that markets video systems for police departments, it has historically hyped similar opportunities and then under delivered, according to the firm. After the focus on Ferguson recedes, the stock is likely to return to the levels at which it was trading last week, the firm stated. It kept a $12 price target and Fair Value rating on the shares. PRICE ACTION: In late morning trading, TASER jumped 9% to $15. On August 12, the stock closed at $12.02.
News For TASR From The Last 14 Days
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March 26, 2015
07:34 EDTTASRSan Diego PD reports positive results from study on TASER video cameras
The San Diego Police Department recently released a report showing the use of AXON body-worn video cameras by TASER International has led to fewer complaints by residents and less use of force by officers. The report that was developed by the Police Department for the City Council's Public Safety and Livable Neighborhoods Committee showed that complaints fell 41%, total allegations were reduced by 60% and use of "personal body" force by officers dropped by 47%. The use of pepper spray was also reduced by 31%. The results from this study reflect comparisons to prior periods in which body-worn cameras were not deployed.
March 24, 2015
12:25 EDTTASRFly Check: TASER up 11% since Craig-Hallum call to buy on weakness
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March 23, 2015
09:37 EDTTASRActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
March 19, 2015
09:28 EDTTASRS.D. police data makes 'compelling' case for TASER cameras, says Craig-Hallum
Data released by San Diego's Police Department showed significant reductions in complaints, allegations, and use of force after the department's deployment of TASER body cameras, said Craig-Hallum, which noted this as the first example of the benefits of body cameras from a "major" police force test. The firm thinks the study could have "significant" implications for other police forces testing and considering body cameras and reiterates its Buy rating and $30 price target on TASER shares. Digital Ally (DGLY) is another maker of police body cameras.
March 18, 2015
09:20 EDTTASRComplaints against police fell after body cameras added, Channel 10 says
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