Taser International Inc. disclosed Wednesday that the maker of TASER electrical weapons and body cameras has changed its name to Axon Enterprise Inc., effective April 5. Starting Thursday, the stock’s ticker symbol will change to “AAXN.” The company also announced an initiative to equip every police officer with a body camera. “Since its inception, the Taser name has become synonymous with iconic, less-lethal weapons,” Axon said in a statement releases Wednesday. “Today, the company’s portfolio has grown to encompass a much wider range of technologies, including a rich ecosystem of connected devices and software applications.” The stock shed 1.8% in midday trade. It has dropped 11% year to date, compared with the S&P 500’s 6.1% gain.
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