Taser Shares Jump with Ferguson Unrest
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iStock/Thinkstock(NEW YORK) — The unrest in Ferguson, Missouri, is having a dramatic effect on shares of Taser International Inc.
The Scottsdale, Arizona-based company, best known for its electroshock “stun” guns, has seen its share price jump 19 percent in the past five trading days.
Investors are betting that allegations of heavy-handed police tactics, including the shooting of an unarmed teenager, will lead to a big increase in sales of Taser’s “body cameras” that can be worn by officers while on patrol.
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