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Why Did AeroVironment Stock Drop Today?

TheMotleyFool 
0 0 27.02.26
Why Did AeroVironment Stock Drop Today?Photo, 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
 

(NASDAQ: AVAV) stock tumbled 4.6% through noon ET Friday on no obvious bad news. Actually, the contrary: AeroVironment had excellent news just yesterday.

For $186 million, the U.S. Army will order an unspecified number of AV's Switchblade 600 Block 2 and Switchblade 300 Block 20 loitering munition systems armed with explosively formed penetrators (EFP).

AeroVironment investors made the logical choice and bid up this maker of military drones 1.7% yesterday. But today they're taking that money back -- and more. As of this writing, not only is AeroVironment stock below where it traded the day before the contract was announced; it's actually trading back near levels last seen mid-month.

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Source Fool.com

Aerovironment Stock

€149.95
-0.300%
Aerovironment shows a slight decrease today, losing -€0.450 (-0.300%) compared to yesterday.
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 70.72% for Aerovironment compared to the current price of 149.95 €.
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