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Taser, Digital Ally jump after Congress signs off on body camera funds

May 01, 2015 1:18 PM ETAxon Enterprise, Inc. (AXON) StockAXON, DGLYBy: Eric Jhonsa, SA News Editor
  • Following Congressional approval, the Obama administration will provide $20M in grants to local police departments to fund body camera purchases. The funds are part of the $75M, 3-year, package announced by the administration last December.
  • Taser (TASR +7.2%) and Digital Ally (DGLY +6.4%) are up strongly. Both companies also rallied on Tuesday after riots erupted in Baltimore in the aftermath of Freddie Gray's funeral. Taser then sold off on Wednesday, before jumping on Thursday in response to its Q1 beat.

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