Taser's Stock Rallies After Order For Body-worn Cameras

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Taser International's stock rallied 5.7% in premarket trade Wednesday, putting it on course to open at the highest level since January 2005, after the company announced follow-on orders for it body-worn video cameras. The company said the Winston-Salem Police Department has purchased 623 AXON cameras and a five-year subscription to its Evidence.com digital-video managing service, after buying 293 cameras and a three-year subscription to Evidence.com in July. "The results we saw from our initial deployment of body cameras were very encouraging, and included better interactions between our officers and the public," said Winston-Salem Police Chief Barry Rountree. Taser's stock has run up 30% so far this year through Tuesday, compared with a 12% gain in the S&P 500.

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