Taser Shares Moving Inversely With Ferguson Unrest
Taser International (NASDAQ: TASR) shares have lately moved inversely with the fortunes of Ferguson, Missouri.
Taser was up as much as eight percent Monday after Missouri Governor Jay Nixon deployed the Missouri National Guard to restore order in Ferguson, where an allegedly coordinated attack happened Sunday on a police command center.
Taser's stock gained nine percent last Friday and three percent on both Wednesday and Thursday.
News reports last week noted demand for Taser's widely-used police body cameras may rise in the wake of the social unrest touched off by the fatal shooting by police of Michael Brown last weekend.
Police did not record the incident and details are disputed.
Taser entered the law enforcement video business in 2012 and the segment's revenue doubled in the second quarter to $3.6 million of Taser's total revenue of $32 million.
Taser, up more than 20 percent in the past week, traded recently at $14.71 per share, up 5.8 percent.
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