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
€257.30
0.820%
With 49 Buy predictions and not a single Sell prediction Aerovironment is an absolute favorite of our community.
As a result the target price of 283 € shows a slightly positive potential of 9.99% compared to the current price of 257.3 € for Aerovironment.
