TASER International Up 8% Amid New Orders And Rating

Shares of TASER International, Inc. TASR spiked up over 8 percent in early trading Monday amid Oppenheimer initiating an Outperform rating on the stock and new orders for smart weapons.

The Ontario Provincial Police were among the new orders with a request for 1,879 X2 smart weapons.

The new rating and orders came amid news that a UK man died after being shot by police with a Taser. UK Solicitor Sophie Kahn called for the Home Secretary “to impose a temporary ban on Taser use” following a government ordered review of Taser use in October.

TASER International, Inc. recently traded at $25.84, up 7.76 percent.