On Tuesday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: Digital Ally Inc. (NASDAQ:DGLY), Magnum Hunter Resources Corp. (NYSE:MHR), McDermott International Inc. (NYSE:MDR), Neonode, Inc. (NASDAQ:NEON)
Digital Ally Inc. (NASDAQ:DGLY), with shares gained 11.77%, closed at $14.05.
Magnum Hunter Resources Corp. (NYSE:MHR), with shares jumped 10.53%, settled at $2.73.
McDermott International Inc. (NYSE:MDR), with shares climbed 9.36%, and closed at $3.74.
Neonode, Inc. (NASDAQ:NEON), surged 9.22%, and closed at $3.20.
Latest NEWS regarding these Stocks are depicted underneath:
Digital Ally Inc. (NASDAQ:DGLY)
Digital Ally Inc. (DGLY), declared that it has been awarded a patent (No. 8976339) from the U.S. Patent and Trademark Office (“USPTO”) for its latest LIDAR (Laser Detection and Ranging) speed enforcement technology.
The monitoring of vehicle speeds by law enforcement agencies is typically implemented by officers using various devices and systems, primarily Doppler RADAR or stationary LIDAR speed guns. Doppler RADAR transmits a continuous or near-continuous wave and measures the speed of vehicles by receiving the reflected signal using the Doppler principle. Typical Doppler RADARs can be operated from a stationary point or can be mounted in a law enforcement vehicle and operated while the vehicle is moving. Because the beam width is wide, RADAR speed guns do not have to be pointed accurately at the vehicle being measured. However, this feature is also a problem, because when there are multiple vehicles in the beam, the operator may not know which vehicle is being measured.
LIDAR uses a laser pulse and determines the vehicle speed by performing distance-time calculations based on the travel time of the reflected light pulse. Because a LIDAR gun uses a very narrow beam, it is highly selective of the vehicle being measured even when there are several vehicles in range, thereby providing evidence that is more difficult to challenge in court. However, because of the narrow beam, LIDAR speed guns have traditionally required stationary positioning, because there is too much motion for the beam to target a specific vehicle if the LIDAR is mounted in a moving law enforcement vehicle.
The newly-patented Digital Ally LIDAR technology allows moving law enforcement vehicles to accurately measure vehicle speeds by “sweeping” a beam across a field of view at varying heights to detect the speed of a plurality of objects, such as automobiles, at the same time. The technology allows the LIDAR gun to determine the position of multiple objects over time and calculate the speed of the objects based on a change in the position of the objects. This allows the law enforcement officer to precisely measure the speed of several vehicles at the same time and display the vehicles on a video monitor, with the speed “tagged” to each vehicle. The Corporation will evaluate various factors regarding the commercialization of the LIDAR technology in coming months.
Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally. Its digital audio/video recording, storage, and other products comprise an in-car, digital audio/video system that is integrated into a rear view mirror designed for law enforcement vehicles and commercial fleets, such as ambulances and taxis; and all-weather-resistant and rugged mobile digital video recording systems designed for use in motorcycles, ATVs, and boats.
Magnum Hunter Resources Corp. (NYSE:MHR)
Magnum Hunter Resources Corp. (MHR)’s stock rises in this week, following the rise in oil prices and weakening of U.S. dollar.
WTI crude oil for May delivery was up 0.8% to $46.93 a barrel early Monday afternoon, and Brent crude oil was up 0.6% to $55.67 a barrel.
According to Bloomberg, Oil prices were rising due to the declining strength of the U.S. dollar. The dollar dropped against 15 foreign currencies following the Federal Reserve’s comments last week. Oil is priced against U.S. dollars, so a weaker dollar makes the commodity more attractive to investors using other currencies.
Magnum Hunter Resources Corporation, an independent oil and gas corporation, explores for, exploits, attains, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. The corporation operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
McDermott International Inc. (NYSE:MDR)
David Dickson, President and Chief Executive Officer of McDermott International Inc. (MDR), presented at Howard Weil’s Energy Conference in New Orleans, Louisiana on March 24, 2015.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation corporation worldwide. The corporation operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
Neonode, Inc. (NASDAQ:NEON)
Last week, on Monday, Neonode, Inc. (NEON), declared further details related to the contract with Autoliv Development AB highlighted in Neonode’s recent fourth quarter and year ended December 31, 2014 financial results earnings release.
Through a joint development and co-operation contract, Neonode and Autoliv will develop a new Human Machine Interface (“HMI”) sensing product for vehicle steering wheel applications. Neonode will license its zForce DRIVE technology to Autoliv as part of the contract.
Autoliv will pay an initial $1,500,000 to Neonode under the contract with an additional $1,500,000 in three staggered payments subject to and after achievement of project milestones during a 12 months period.
As part of the contract, Neonode has agreed not to license its steering wheel technology zForce DRIVE to any other third party in the steering wheel market for a period of 24 months after Autoliv commences production.
Neonode Inc., together with its auxiliaries, develops and licenses user interfaces and optical infrared touch technology solutions. The corporation licenses its multi-touch technology to original equipment manufacturers and original design manufacturers who incorporate it into devices they produce and sell, counting laptop computers, all-in-one computers, stand-alone monitors, printer products, GPS devices, e-Readers, tablets, touch panels for automobiles, household appliances, mobile phones, wearable electronics, games, and toys.
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