For those who are looking into stocks that made considerable gains on Tuesday, then it might be worthwhile to take a look at the Vislink Technologies Inc (NASDAQ: VISL) stock.
The stock soared 20% on Tuesday after the company announced that it inked a major contract with the United States Department of Defense. It is a significant development for the company and it did not come as a surprise that investors flocked to the stock. As per the press release from the company, the Department of Defense has placed an order for a product worth $4 million Vislink. The products in question include surveillance devices, handheld intelligence devices, and other accessories.
The Chief Executive Officer of the company Mickey Miller spoke about the development. He said that the latest contract is an endorsement of the quality of the wireless video communication products that are manufactured by the company. It might be a good idea for investors to keep the stock on their watch lists this week.