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Digital Alley up 24% on Axon withdrawal from patent challenge

Published 12/20/2018, 03:18 PM
Updated 12/20/2018, 03:18 PM
© Reuters.  Digital Alley up 24% on Axon withdrawal from patent challenge
  • Thinly traded nano cap Digital Alley (DGLY +24.2%) is up on more than double normal volume, albeit on turnover of only 328K shares, on the heels of its announcement that auto-activation patent challenger Axon Enterprise (AXON -2.8%) has abandoned its appeal of its U.S. Patent No. 8,781,292 and will discontinue further challenges to the patent's validity.
  • AXON was unsuccessful in four separate petitions starting over two years ago.
  • Now read: MXWL, NEON and RUN among tech movers


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