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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 11, 2014
09:58 EDTDGLYDigital Ally trades higher, levels to watch
The shares have seen a great deal of volatile trading in the last several weeks, and this morning that pattern is continuing. Shares were last up over 10.5% to $24.46. At that price next resistance is at $25.36, the session high, and then at $26.09. Support is at $24.03.
09:18 EDTDGLYOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
08:55 EDTDGLYDigital Ally to introduce "bullet camera" option at October conference
Digital Ally announced that it will introduce a "bullet camera" option for its FirstVU HD Officer-Worn Video System at the upcoming International Association of Chiefs of Police Conference, which is scheduled for October 25-28. CEO Stanton Ross said, "While the wide-angle lens of our torso-mounted camera allows for a comprehensive view of an incident, the bullet camera provides greater insight into where an officer was specifically looking during events in the field. In this respect, the bullet camera is similar to our FirstVU HD's helmet mount, but it can be attached to a pair of glasses or an officer's hat."
September 4, 2014
10:00 EDTDGLYGoPro slips after JPMorgan cuts rating citing valuation
Shares of GoPro (GPRO) are falling after JPMorgan downgraded the stock to Neutral from Overweight based on valuation concerns. GoPro develops mountable and wearable cameras. WHAT'S NEW: GoPro has risen 137% from its IPO price of $24 and the stock should not be bought at current levels, JPMorgan analyst Paul Coster wrote in a note to investors. However, the analyst continues to believe that GoPro remains dominant in the action camera sector and he says that it could launch new cameras ahead of the holiday season. Consequently, Coster does not recommend that investors sell shares of the stock, as he believes that the shares are as likely to go up as they are to go down. He kept a $51 price target on the stock. WHAT'S NOTABLE: Coster believes that GoPro's stock may have risen recently partly on speculation that the company could benefit from the growing push for police officers to use wearable cameras. After speaking with GoPro's CFO, however, the analyst thinks that GoPro's opportunity in this area is "quite modest." A number of other companies that provide cameras and related services to police forces have moved higher in recent trading, including Digital Ally (DGLY) and TASER (TASR). PRICE ACTION: In early trading, GoPro fell $1.10, or 2%, to $55.76.
September 2, 2014
16:25 EDTDGLYOn The Fly: Closing Wrap
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11:13 EDTDGLYTASER climbs after upbeat statements from competitor, analyst
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10:55 EDTDGLYDigital Ally rallies sharply, levels to watch
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08:56 EDTDGLYOn The Fly: Pre-market Movers
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