Digital Ally jumps after DOJ mandates body cameras for U.S. agents

Kustom Entertainment

08/06/2021 15:41

** Digital Ally  DGLY.O  up 13.3% at 3-month high of $2.12
on Tues after U.S. Justice Department late Mon said U.S.
law-enforcement agents will be required to wear body cameras
when serving search and arrest warrants  urn:newsml:reuters.com:*:nL2N2NQ01R
    ** Federal agents had previously been barred from wearing
cameras, policy that sometimes created tension during joint
operations with state and local police
    ** New directive comes amid Biden administration’s steps to
overhaul law-enforcement tactics following killing of George
Floyd while in Minneapolis police custody last year
    ** ~8.2 mln DGLY shares have traded by 1030 EDT on Tues vs
10-DMA volume of ~3 mln, per Refinitiv data
    ** With move on Tues, DLGY has gained ~30% since end of Mar.
But stock well off 52-week high of $7.10 hit a year ago

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))