Why AeroVironment Stock Plunged This Week
Military drone specialist AeroVironment (NASDAQ: AVAV) has generally done well as a stock lately. But that didn't happen this week, as news of a round of capital-raising dampened investor sentiment on the company. According to data compiled by S&P Global Market Intelligence, AeroVironment stock lost more than 11% of its value over the period.
On Monday, AeroVironment announced it would float both a secondary share offering and an issue of convertible senior notes.
Image source: Getty Images.
Source Fool.com
Aerovironment Stock
€203.70
-4.040%
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 37.46% for Aerovironment compared to the current price of 203.7 €.
