Why AeroVironment Stock Bounced Back Today
AeroVironment (NASDAQ: AVAV) stock slid nearly 2% Tuesday after the company announced plans to make a $4.1 billion acquisition in the defense industry. The stock is recovering a bit from those losses Wednesday, though, as investors rethink their initial skepticism about the deal.
As of 12:55 p.m. ET, the stock is up 3%.
AeroVironment stock outperformed the S&P 500 over the past year, rising 49% in price. The stock currently boasts a $5.5 billion market capitalization -- which sounds like a lot, but here's the thing: The company AeroVironment is buying costs nearly as much as AeroVironment itself.
Source Fool.com
Aerovironment Stock
€166.50
-1.070%
The stock is one of the favorites of our community with 58 Buy predictions and 1 Sell predictions.
With a target price of 256 € there is a hugely positive potential of 53.75% for Aerovironment compared to the current price of 166.5 €.
