Digital Ally (DGLY) Surging 5% Following Push by Sen. Paul for Body Cameras

Shares of designer of digital video surveillance products Digital Ally Inc. (DGLY) are higher by nearly 5% in miday trading on Monday, following an article from ‘The Hill’ noting push by Senator Paul (R-Ky.) for body cameras.

According to the publication, Sen. Paul has introduced bipartizan legislation to help expand the use of police body cameras by creating a pilot program for local and state governments acquire the cameras.

“The use of body cameras helps officers collect and preserve evidence to solve crimes, while also decreasing the number of complaints against police,” Paul said in a statement, adding that the legislation “will help state and local police departments access this new tool, while ensuring that the privacy rights of every civilian is respected.”

DGLY is currently printing a higher than average trading volume with the issue trading 453K shares, compared to the average volume of 323.27K. The stock began trading this morning at $12.82 to currently trade 63 cents higher from the prior days close of $12.67. On an intraday basis it has gotten as low as $12.40 and as high as $13.43.

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