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Why Unusual Machines Stock Was Skyrocketing This Week

TheMotleyFool

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Why Unusual Machines Stock Was Skyrocketing This Week: https://g.foolcdn.com/editorial/images/836197/person-flying-a-drone-at-dusk-or-twilight.jpg

Unusual Machines (NYSEMKT: UMAC), the intriguingly named drone components supplier that came to the stock market after an early-2024 IPO, was having quite a week. Its share price was up 16% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence, on two encouraging pieces of news it delivered.

The first item was published by Unusual Machines on Tuesday. The company said it booked a $12.8 million order from drone developer Strategic Logix. Unusual Machines' components will find their way into the customer's rapid reconfigurable systems line of products.

Image source: Getty Images.

Source Fool.com