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Police Body Cam Makers Higher On South Carolina Shooting Incident

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Shares of two makers of police body cameras gained Thursday in the wake of a police shooting in North Charleston, South Carolina, that stirred further talk of the companies' products.

Taser International, Inc. (NASDAQ: TASR) gained nearly 8 percent to $27.10, while the much smaller Digital Ally, Inc. (NASDAQ: DGLY) picked up 10 percent recently, changing hands at $15.48.

North Charleston Mayor Keith Summey on Wednesday outlined plans to acquire an additional 150 body cameras in addition to the roughly 100 cameras the city ordered in February.

The city's earlier order used funds from a $75 million White House grant to help law enforcement agencies with the purchase of about 50,000 cameras nationwide.

White House Press Secretary Josh Earnest said Wednesday the event is an "example of how body cameras worn by police officers could have a positive impact in terms of building trust between law enforcement officers and the communities that they serve."

Separately, Taser on Thursday announced the purchase of 178 body-worn video cameras by the City of London Police Department. The order shipped in the first quarter of 2015.

Posted-In: body cams Josh Earnest Keith Summey police South CarolinaNews Intraday Update Movers

 

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