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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.