Why AeroVironment Stock Is Soaring 14% Today
Shares of AeroVironment (NASDAQ: AVAV), a maker of small drones (and, occasionally, very large drones) are soaring in Thursday morning trading on the Nasdaq, up 13.6% through 10 a.m. EDT. The most obvious reason for the surge is the news that AeroVironment has just received an upgrade to outperform from the analysts at investment bank William Blair, which has investors feeling optimistic about the stock.
But that still leaves the question of why William Blair upgraded AeroVironment in the first place.
Is this the big reason AeroVironment stock is up so much? A glider so big you can barely fit one wing in a photo? Image source: AeroVironment.
Source Fool.com
