TASER International, Inc. (NASDAQ: TASR)
TASER International is having an interesting day in the market today, to say the least. When the opening bell rang, the stock was well in the green. From there, it took a bit of a dive to the red. However, minutes ago things changed as the stock started to make it's way to the top. Below, we'll talk about what we're seeing from the stock, why, and what we'll be watching for with regard to TASR ahead.
What We're Seeing From TASR
As mentioned above, Taser International is having an interesting day in the market today. At the open of the market, the stock was trading on relatively impressive gains. However, that didn't last long. Shortly after the bell, the stock started to spike downward. Nonetheless, minutes ago momentum changed yet again, leading to gains on the stock. Currently (11:11), TASR is trading at $24.80 per share after a gain of $0.53 per share (2.18%) thus far today.
Why The Stock Is Headed Upward
As usual, our partners at Trade Ideas were the first ot inform us of the gains on TASR. As soon as they did, the CNA Finance team started digging to see exactly what was causing the gains. It didn't take long to uncover the story. In this particular case, it seems as though the stock is gaining on positive news out of the FCC.
Early today, investors learned that Taser International has received FCC approval for one of its new products. That product is the Axon Flex 2 HD Camera. As a result of the approval, TASR now has the ability to start shipping the product. So we're seeing big gains in the value of the stock as investors react.
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on TASR. In particular, we'll be watching for sales reports to see how well the new product performs. From the looks of it, this may be a big hit. We'll watch the news and bring the stories to you as they break!
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