Digital Development Group (OTC: DIDG) staged a solid rally for the fifth consecutive trading session today ahead of the launch of its “OTT” Internet TV channels. The stock steadily rose in today’s trading session and traded to a share price of $0.87 at the closing bell. With this result, Digital Development Group now trades 6.8% higher than its previous close, and has posted a gain of 29.9% in five sessions of trading. Today’s trading volume of Digital Development Group was slightly above its daily average.
The recent steady rally of Digital Development Group may be directly linked to the approaching launch date of the company’s “OTT” Internet channels. On July 26, 2012, Digital Development Group, a development stage company aiming to offer an in-depth portfolio of content for Internet TV distribution, announced the launch date of early August 2012 for its first of many “OTT” Internet channels. “OTT” is an industry term that stands for “Over the Top” to describe an Internet TV channel running on top of regular high speed Internet service.
The stock chart of Digital Development Group has been quite interesting in 2012. The stock has staged several impressive rallies, but tanked just as many times. The overall result is a 1.4% loss year-to-date. The highest closing price year-to-date for Digital Development Group was $0.91 on May 8, 2012. One week from that point, Digital Development Group traded to an annual low of $0.53 on May 16, 2012.
According to the 31 results found on stockpromoters.com, a number of newsletters have promoted Digital Development Group. On Twitter, @pennystock24 mentioned that Pennystock Explosion, Pennystock Club, along with others, promoted Digital Development Group today.
Here are some other recent headlines for Digital Development Group:
- July 20, 2012: Digital Development Group filed form 8-K, change in Directors or Principle officers and regulation FD disclosure.
- July 2, 2012, Digital Development Group released its updated web site, digidev.com.
Digital Development Group, also known as Digidev, is based in Los Angeles, California. Digital Development Group provides a seamless, scalable and integrated back-end technological solution giving content owners distribution capability across multiple platforms using existing Internet Protocol (IP) services, providing increased monetization opportunities and greater control over distribution.
Digital Development Group is focused on the opportunity presented by over-the-top (OTT) Home Entertainment Media which targets DVD players and video game consoles, Smart TVs, stand-alone Internet connected devices such as Roku and Google TV, plus mobile devices with built-in Internet connectivity.