The Digital Ally Inc (NASDAQ: DGLY) stock was on the move on Monday.
The company, which is involved in supplying a wide range of safety products to law enforcement agencies among others, saw its stock soar by as high as 17%. Although there was no specific news about the company on Monday, it is being speculated that the stock rallied in light of the protests that have been taking place due to the shooting of Duante Wright.
The protests have been taking place after a police officer in Minnesota had shot Wright to death. Recently, crowds had congregated outside the Brooklyn Center, the police headquarters and the protests had turned violent. The crowd had thrown bricks and other forms of projectiles. In light of such developments, investors are possibly speculating that the demand for products from Digital Ally is going to rise. It now remains to be seen if the stock can continue to add to its gains through the course of the week.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.