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New York, December 30, 2013 / Accesswire / – Market Buzz Report, which provides live alerts on penny stocks, issues critical stocks analysis for Digital Ally Inc. (DGLY), Ford Motor Company (NYSE:F), Twitter Inc (NYSE:TWTR), Baidu Inc (ADR) (NASDAQ:BIDU).
Digital Ally Inc. (DGLY) shares increased 9.95% to $8.24. The company on Dec. 30 announced that it has been awarded a “sole-source” contract with the State of West Virginia to supply in-car video systems and related equipment to the state’s highway patrol department.
The initial one-year contract, which was effective December 15, 2013 and includes a provision for two one-year renewals, authorizes the purchase of Digital Ally’s in-car video systems, particularly the DVM-750, for installation in state trooper vehicles.
Ford Motor Company (NYSE:F) shares declined 0.20% to $15.30. The company on Dec. 30 said its 2013 retail sales up 15 percent year-to-date, as share grows across entire Ford lineup of cars, utilities, trucks and electrified vehicles. Ford brand sales lead through November increases to 396,041 units over second-place Toyota brand. With more than 2.4 million vehicles sold, Ford expects to retain its title as best-selling vehicle brand in North America in 2013, and has widened its lead over Toyota.
Additionally, the company on Dec. 20 has elected to terminate the conversion rights with respect to its 4.25% Senior Convertible Notes due 2036, effective as of the close of business on Jan. 21, 2014, in accordance with the terms of the Notes. Holders of the Notes may elect to convert their Notes into shares of Ford Common Stock, par value $.01 per share, until the close of business on January 21, 2014 at the current conversion rate of 114.0466 shares of Ford Common Stock for each $1,000 principal amount of Notes converted (equivalent to a conversion price of approximately $8.77 per share of Ford Common Stock).
Twitter Inc (NYSE:TWTR) shares dropped 13.04% to $63.75. TWTR’s stock was downgraded by Macquarie Capital on Dec. 27, which said the stock has gone “too far, too fast.” Ben Schachter, a Macquarie analyst in New York, lowered his rating from neutral to underperform – the equivalent of sell. The shares have jumped 40 percent since Macquarie initiated coverage on Dec. 11, without any improvement in Twitter’s fundamentals, Schachter said in a report.
Additionally, on Dec. 16, Bob Peck from SunTrust downgraded shares of Twitter from Buy to Hold also as a valuation call and has had a $50 price target since before the shares went public. He wrote “We are lowering our rating on Twitter to Hold from Buy, as the stock has surpassed our year end 2014 $50 target by ~20%.”
Baidu Inc (ADR) (NASDAQ:BIDU) shares gained 3.88% to $173.77. The company on Dec. 18 announced that its PC security software Baidu Antivirus was named this year’s “most promising antivirus” in Softonic.com’s Big Antivirus Comparison. In addition to the award, Baidu Antivirus also claimed third place in system performance out of the many top PC security products evaluated in the comparison.
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