As the police shooting of another African-American takes place literally a few miles from the site of the Michael Brown shooting near St. Louis, MO Tuesday, shares of TASER International, Inc. (NASDAQ:TASR) rocketed higher for the third straight day.
TASER International’s stocks climb 9%
TASER International, Inc. (NASDAQ:TASR)’s stock climbed 9 percent today along as Ferguson, MO officials announced they are raising funds to procure dash and vest cameras for Ferguson police officers, according to a report.
Tuesday’s boost in the stock price comes as The Wire posted the announcement from Ferguson and it comes on top of another tension filled Monday night that could get even worse on the back of the most recent shooting event.
Reports now say two St. Louis police officers were involved in the shooting of a Man today near 1:00 PM. After the event a crowd of nearly 100 people were reported to have gathered and chanted, “Hands up! Don’t shoot!”
Details of the police shooting of another African-American
The dead man in the St. Louis shooting, 23, was reported to have stolen energy drinks and a package of pastries from a nearby convenience store, Police Chief Sam Dotson was quoted as saying. The police chief described the man as “acting erratically, walking back and forth, up and down the street.”
Officers repeatedly ordered the man to drop the knife he had in his hand and drew their pistols only after the suspected thief did not drop the knife.
Dotson said the dead man yelled at police: “Shoot me now. Kill me now” and then moved to within 3 to 4 feet of one of the officers, when he was shot by both policemen. “One of the witnesses described it as a suicide by cop,” Dotson said.
A key issue in these shootings is the divergence between what police say and what witnesses who are sometimes perceived to be sympathetic to the shooter say. While protesters rally around the notion that Michael Brown was shot with his hands up, more neutral observers are waiting for the autopsy before rushing to judgment.
The entire issue, however, might have been avoided had the police officers been using vest cams.
As previously reported in ValueWalk, a Cambridge University study noted that police behavior dramatically improved when police were aware their actions were being monitored.