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Taser Hits All-Time High, Digital Ally Up 20% Amid Government Support Of Body Cameras

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Shares of Digital Ally, Inc. (NASDAQ: DGLY) and TASER International, Inc. (NASDAQ: TASR) moved higher Monday following further government discussions over law enforcement in the United States.

TASER gained over 4 percent to close at an all-time high of $33.70 riding on Friday’s news that the U.S. Department of Justice would spend $20 million on body cameras for law enforcement.

“The Justice Department's announcement of its investment in body cameras came on the same day that Maryland State Attorney Marilyn Mosby announced that her office was filing charges against six officers in connection to the death of Freddie Gibbs,” according to TheStreet.com.

Adding to the concern over policing, Speaker of the House John Boehner indicated on Sunday there is crisis in relations between black communities and law enforcement, according to Politico, and he expressed support for federal funding of body cameras.

Digital Ally soared nearly 20 percent amid the news but was still far from its 2008 high of $85.12.

Digital Ally closed at $18.07, up 18.96 percent. TASER surged 4.11 percent to $33.70. Both stock were indicated about 0.7 percent higher in the after-hours session.

Posted-In: John Boehner Politico TheStreet.com U.S. Department of JusticeNews Movers

 

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