Digital Ally Surrenders Some Early Gains After Being Awarded Huge Contact

Digital Ally, Inc. DGLY shares are trading higher by $0.50 (13 percent) at $5.20 in Monday's session.

The issue is attracting some buying interest after it was awarded its largest commercial order in its history from American Medical Response. The deal has a potential value of $8.3 million over a three-year deployment.

The announcement has attracted some sellers as well as buyers.

After a higher open, the issue reached $5.90 in the first 10 minutes of the session, before some profit-takers came into the issue. So far, the ensuing decline took the issue within a nickel of the low for the day, with buyers stepping up at $5.05. The rebound off that low has come up well shy of the high for the day, with sellers surfacing at $5.45.

At this time, it's drifting back towards the lows for the session. In order to fill the void in price from Friday's session, the issue would need to reach $4.85.