Shares Of Taser Are Surging: Here's Why

Shares of

were trading higher by more than 4 percent at $15.72 with less than 2 hours remaining during Thursday's trading session after hitting an intra-day high of $16.68. Taser

earlier in the day it has received various "large orders" for its Axon body-worn video cameras and Evidence.com solution. Of note, the Metropolitan Police Department (DC) ordered 2,530 Axon Body 2 cameras with accompanying support from Evidence.com. The Baltimore Police Department also ordered 1,455 Axon Flex cameras with 5 years of Evidence.com support. In total, Taser reported more than 25 separate orders were received during the fourth quarter of 2015 which were shipped in the fourth quarter and first quarter of 2016.