Digital Ally's Stock Higher By 10%: Here's What Happened

Shares of Digital Ally, Inc. DGLY were volatile on Tuesday morning'. After opening at $7.90, the stock ran to $9.00 before returning some of its gains. Shortly after 12 p.m. ET, Digital Ally's stock was higher by 10.72 percent at $8.26. The company announced earlier in the day that it has received new orders from "notable" law enforcement agencies for its FirstVu HD body-worn camera, DVM-800 in-car digital audio and video system, among other of its technologies. Digital Ally noted that new orders came from longstanding customers, such as the Sante Fe Police Department which has been a customer since 2008. Digital Ally also said that it is "very pleased" that a recent challenge by a competitor of its VuLink patent was rejected by the United States Patent and Trademark Office. Finally, Digital Ally noted that orders from commercial customers have been "improving since October."