Taser Falls After Body Cam Announcement
Taser International (NASDAQ:TASR) shares are trading lower by $0.40 at $21.60 in Wednesday's session.
The Street isn't reacting favorably to the announcement the company will off a one-year free trail to every police officer in America. The company told Benzinga "every agency that has deployed our cameras in scale they continue. We have not seen any major agency go backwards."
At this time, the Street isn't sharing the same opinion. Upon the announcement, the stock became volatile spiking in both directions before deciding on heading lower. The high for the session was made shortly after the open, when the issue matched Tuesday's high of $23.34, peaking at $23.37 before reversing course.
As a result, Taser's stock has breached its former low for the move made Tuesday ($21.97), reaching $21.18 and has now rebounded into the mid $21.00 handle. That marks the lowest level for the issue since May 20, 2016, when it bottomed at $21.03.
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