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Digital Ally, Inc. stock price
Digital Ally, Inc. latest news:
CME CEO says futures exchange for bitcoin will be ready 2nd week of December
CME Group CEO Terry Duffy said futures contracts pegged to bitcoin on its exchange could be ready as soon as the second week of December. The CME boss made his comments during a Monday interview on CNBC, where he also discussed the inherent volatility in the worlds' No. 1 digital currency, which has seen its value soar in value in 2017, fueling outsize interest from average investors and Wall Street players alike. Bitcoin has soared more than 500% year to date, compared with a roughly 15% climb for the S&P 500 index , an 18% rally for the Dow Jones Industrial Average , so far in 2017, and a nearly 26% return for the Nasdaq Composite Index over the same period. The CME kicked off a product to reference bitcoin prices a year ago, and late last month announced a plans to launch futures contracts, which could pave the way for investment funds and other investors to make big bets on the vagaries of the popular, and very volatile, cybercurrency.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE: Digital Ally shares surge 36% premarket after company puts itself up for sale
Digital Ally Inc. shares jumped 36% in premarket trade Wednesday, after the video recording equipment and analytic software company said it is exploring its strategic alternatives including a possible sale of the company. The Lenexa, Kansas-based company said options include "monetizing its patent portfolio and related patent infringement litigation against Axon Enterprise, Inc. ("Axon," formerly known as TASER International, Inc.) and Enforcement Video, LLC d/b/a WatchGuard Video ("WatchGuard"), the sale of the company as a whole, or the sale of select properties or groups of properties or individual businesses." The company has retained Roth Capital as adviser and has already received several unsolicited inquiries involving a variety of possible deals. Shares have fallen 57% in 2017, while the S&P 500 has gained about 16%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
The Los Angeles Times names former Forbes exec its top editor
The Los Angeles Times, owned by Tronc Inc. , said on Monday that it has named former Forbes executive Lewis D'Vorkin as the paper's editor-in-chief. The Times also tapped Mickie Rosen as president. The hirings come after the paper shook up the leadership team, parting ways with former editor Davan Maharaj in August. In addition to being the chief product officer at Forbes, D'Vorkin has held roles at The Wall Street Journal, Newsweek and The New York Times. "Lewis is one of the most transformational editors and digital innovators in the media industry and is exceptionally qualified to lead the evolution of the Los Angeles Times newsroom," said Chief Executive and Los Angeles Times publisher Ross Levinsohn. Rosen most recently served as a senior advisor to the Boston Consulting Group and has served as the senior vice president of global media and commerce at Yahoo!. Rosen has also held positions at 20th Century Fox Inc. , Fandango and Walt Disney Co. . Rosen and D'Vorkin's appointments are effective immediately. Shares of Tronc have gained 105 in the year to date, while the S&P 500 index is up nearly 14% and the Dow Jones Industrial Average is up more than 15%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Fitbit's stock falls, but analyst stays bullish on upbeat outlook for Ionic smartwatch
Shares of Fitbit Inc. slumped 3.8% in afternoon trade Tuesday, even as Oppenheimer analyst Andrew Uerkwitz held firm with his bullish rating, citing valuation and the fitness-tracker company's long-term digital health positioning. Although reviews of Fitbit's new Ionic smartwatch weren't very upbeat, especially after Apple Inc. unveiled its Series 3 cellular-connected smartwatch, Uerkwitz said the fitness-first focus of Ionic, simple interface and broader array of accessories positions it to expand its target audience. "With expectations low, [Fitbit] doesn't need a mega hit," Uerkwitz wrote in a note to clients. "It just needs to show it understands what is needed for the coming digital health era: an easy-to-use device that provides robust data, coaching and a long battery life." Since Ionic was introduced in late August, Fitbit's stock has climbed 12%, while Apple shares have shed 5.1% and the S&P 500 has gained 3.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Toshiba continues chip-unit negotiations with three potential buyers
Toshiba Corp. said late Wednesday that it is in ongoing negotiations with three potential buyers for its memory chip unit. In a statement, Toshiba said the suitors include a consortium led by Bain Capital and, reportedly, Apple Inc.; a consortium that includes Western Digital Corp. ; and a consortium that includes Hon Hai Precision Industry Co. , aka Foxconn. While Toshiba originally sought an Aug. 31 deadline to sell its chip unit, the company said negotiations have not yet reached a point where the board is ready to agree to a sale. Toshiba is seeking to sell its chip unit to raise capital, reportedly around $18 billion, following massive losses by its U.S. nuclear subsidiary, Westinghouse Electric Co., which filed for bankruptcy earlier this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Empery Asset Management reports 9.99 pct passive stake in Digital Ally
* Empery Asset Management reports 9.99 pct passive stake in
Digital Ally Inc as of Aug 21 - SEC filing
Source text: (http://bit.ly/2vcZebh)
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