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Stock Market & Financial Investment News

News Breaks
August 16, 2012
08:30 EDTDGLYDigital Ally announces plans for 1-for-8 reverse stock split
Digital Ally announced that it has filed a notice with The Nasdaq Stock Market stating that its Board of Directors has voted to effect a 1-for-8 reverse split of its issued and outstanding common stock. The reverse stock split will be effective Aug. 24. The company is taking such action in order to comply with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market. In order to remain listed, the closing bid price of the company's common stock must be $1.00 per share or higher for a minimum of ten consecutive business days prior to Sept. 10, under applicable Nasdaq rules.
News For DGLY From The Last 14 Days
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September 30, 2014
10:46 EDTDGLYTASER rises after announcing expansion of London police pilot
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September 26, 2014
08:32 EDTDGLYDigital Ally receives order from U.S. Military Police for FirstVu HD Body Camera
Digital Ally announced that it has received an order from a U.S. military base involving the Company's complete video evidence gathering system. The solution includes the FirstVU HD body-worn camera, DVM-800 in-car camera and patented VuLink, which provides hands-free recording activation and integrates the video systems into a seamless data/evidence gathering solution. The initial order is valued at approximately $200,000, with subsequent follow-on orders expected. Although not a huge order in itself, the military police in general represents a largely untapped channel through which Digital Ally can distribute its line of products, and illustrates an increasing awareness of the benefits provided by capturing comprehensive audio and video of officer-involved incidents for police forces in all areas.
September 16, 2014
14:38 EDTDGLYTASER, Digital Ally climb after report praises police cameras
Shares of TASER (TASR) and Digital Ally (DGLY) - which both make wearable cameras for police officers - are rising after a report praised such devices. The report was written by an independent research organization called The Police Executive Research Forum, with support from the Justice Department. WHAT'S NEW: Wearable cameras have strengthened accountability and transparency in many ways, the report quoted all police executives with whom it spoke as saying. The cameras have enabled agencies to find and correct "large structural problems" and have increased the professionalism of officers, the report stated. Implementing wearable cameras has caused complaints to decline, while improving interactions between offices and the public, the report added. Furthermore, the wearable cameras have enhanced the ability of officers to collect evidence. The report features several quotes of high ranking officials discussing the benefits of wearable cameras for police. The Deputy Assistant Attorney General of the Justice Department's Civil Rights Division, Roy Austin, Jr., is quoted as saying that, "Some police departments are doing themselves a disservice by not using body-worn cameras," as not having the cameras puts police at a disadvantage when dealing with citizens who do carry cameras. Additionally, if police departments are investigated by the Civil Rights Division, wearable cameras can show that they are following the Constitution, Austin stated. However, the report did urge agencies to consider privacy issues before implementing wearable camera and it suggested that officers could have concerns about wearing cameras. PRICE ACTION: In mid-afternoon trading, TASER advanced 1% to $18, well off its low for the day of $17.38, and Digital Ally climbed 2% to $19.03, well off its daily low of $18.16.
13:36 EDTDGLYDigital Ally mentioned cautiously by TheStreetSweeper
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12:38 EDTDGLYDigital Ally, TASER up after DoJ releases report discussing body cameras
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