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Why AeroVironment Stock Dropped This Week

TheMotleyFool 
0 0 21.06.24
Why AeroVironment Stock Dropped This WeekPhoto, wide shot, wide-angle lens, Construction equipment, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/96af5505-e3c8-4496-bbb7-e4a5eba91e77.png
 

AeroVironment (NASDAQ: AVAV) stock is wrapping up a volatile week, but ending on a weak note. Heading into the holiday Tuesday, the company known for its battery-powered small military drones announced another foray into hydrocarbons -- a 215-pound drone that runs on petrol. Investors liked the idea of the company broadening its product array, and the stock hit a new all-time high closing price of $219. This momentum continued as the market reopened yesterday, and AeroVironment hit an intraday high of $224 -- then stalled and began to fall.

Its stock plummeted 7.2% Thursday. As of 2 p.m. ET Friday, it's down another 7.2%, bringing the weekly loss to 11.9%, according to data provided by S&P Global Market Intelligence.

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Source Fool.com

Aerovironment Stock

€161.45
8.590%
A very strong showing by Aerovironment today, with an increase of €12.75 (8.590%) compared to yesterday's price.
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 58.56% for Aerovironment compared to the current price of 161.45 €.
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