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Stock Market & Financial Investment News

News Breaks
August 19, 2014
15:52 EDTDGLYDigital Ally up 80% after increase in media reports about police body cameras
Recent current events in Ferguson, Missouri have led to an increase in media attention relating to police body cameras, including an article in The Wall Street Journal titled 'What Happens When Police Officers Wear Body Cameras,' noting that force by officers declined 60%; an article in Time titled 'California Mayor Urges Cops to Wear Body Cameras After Ferguson,' where Hawthorne Mayor Chris Brown is introducing an ordinance for the police to begin wearing body cameras; and a Fox article titled 'Ferguson violence prompts call for same type of police body cameras being tested in Indiana.' Digital Ally, which is up 80%, develops, manufactures and markets digital video imaging, audio recording and related storage products for use in law enforcement, including a miniature digital video system designed to be worn on a individual's body.
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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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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."

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