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Why AeroVironment Stock Bounced Right Back Today

TheMotleyFool

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Why AeroVironment Stock Bounced Right Back TodayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

Shares of defense contractor AeroVironment (NASDAQ: AVAV) are acting kind of funny today. Barely 24 hours after reporting a big sales miss for its fiscal second-quarter 2022 -- and promising to keep on missing sales estimates all year long -- AV stock is bouncing back from the 27.5% loss it suffered yesterday.

Investors who had sold the stock en masse on Tuesday are turning around and buying it right back on Wednesday. As of 2:50 p.m. ET, AeroVironment stock is up 6.7% -- and you're not going to believe why.

Image source: Getty Images.

Source Fool.com

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