Why AeroVironment Stock Is Losing Altitude Today
Each day this week, (NASDAQ: AVAV) stock had closed slightly lower than where it had ended on the preceding day. That trend seems poised to continue today as shares of the drone maker continue to descend lower.
The cause for today's drop? Two of Cathie Wood's Ark Invest exchange-traded funds (ETFs) reported selling shares of AeroVironment yesterday, and investors seem motivated to follow suit today.
As of 1:57 p.m. ET, shares of AeroVironment are down 5.3%, recovering slightly from their earlier decline of 6.8%.
Source Fool.com
Aerovironment Stock
€203.60
-0.050%
The stock is an absolute favorite of our community with 44 Buy predictions and no Sell predictions.
With a target price of 280 € there is a positive potential of 37.52% for Aerovironment compared to the current price of 203.6 €.
