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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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April 23, 2015
13:42 EDTTASRMaryland gov to sign police body camera bill, Washington Post says
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April 21, 2015
10:33 EDTTASRTASER volatility flat as shares trade near ten-year high into Q1
TASER May call option implied volatility is at 53, June is at 46, September is at 43; compared to its 26-week average of 53 according to Track Data, suggesting non-directional price movement into the expected release of Q1 results on April 30.
10:19 EDTTASRFly Watch: TASER documentary showing at Tribeca film festival
The shares of TASER (TASR) are falling in early trading ahead of additional showings of a documentary film, “Tom Swift and His Electric Rifle,” that focuses on the company's weapons and deaths linked to police use and abuse of the devices. WHAT'S NEW: Being shown as part of New York's Tribeca film festival, "Tom Swift and His Electric Rifle" highlights the number of people who have died after being shot with TASER's electric weapons, called tasers, in the U.S. "Between 2001 and 2012, there were 500 taser related deaths reported in the U.S.," according to a description of the movie on the film festival's website. "As the death toll continues to mount in taser-related deaths, we are reminded that it is not simply the lethal force of a weapon that needs to be regulated, but the behavior and bias behind it as well," the description states. The film, which was screened this past Friday and Saturday, will be shown again April 21 and on April 26, the festival site noted. REVIEW: The film makes TASER's founders, Rick and Tom Smith, look more sinister as they try to avoid taking responsibility for the harm inflicted by tasers, the website tellnig stated. Rick Smith is currently the CEO of the company. The film "makes a salient point" by juxtaposing the Smith brothers' "apathetic depositions" and the story of a man who died after begin stunned by tasers for 31 seconds in 2008, the website stated. The Smith brothers contend that the company's weapons are "perfectly safe," and Rick Smith disputed the idea that the weapon was a likely cause of cardiac arrest, tellnig reported. PRICE ACTION: In early trading, TASER shares slid 3.5% to $29.30.
08:44 EDTTASRTASER documentary to be shown during Tribeca festival
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April 20, 2015
09:06 EDTTASRTASER well positioned to double base with London win, says Craig-Hallum
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07:34 EDTTASRTASER announces multiple orders for weapons during Q1
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April 17, 2015
09:29 EDTTASRMet police force to buy up to 30,000 body cameras, The Register says
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09:24 EDTTASRTASER up sharply after S.C. Senate subcommittee passes police body camera bill
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April 16, 2015
10:56 EDTTASRS.C. Senate subcommittee passes police body camera bill, Herald reports
A South Carolina Senate subcommittee has passed a bill that would require body cameras for all the states' police officers, reported The Herald, which noted that the bill now heads to the full judiciary committee for another hearing. TASER (TASR) and Digital Ally (DGLY) are makers of police body cameras and related systems. Reference Link
April 14, 2015
07:33 EDTTASRTASER awarded order for 300 AXON Flex Body cameras from Alabama Police
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