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Why Kratos Defense Stock Dropped Then Rebounded Today

TheMotleyFool

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Why Kratos Defense Stock Dropped Then Rebounded 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

Kratos Defense Security Solutions (NASDAQ: KTOS) stock has been declining for the last 10 weeks. That trend continued early today, with two new Securities and Exchange Commission (SEC) filings potentially serving as the trigger.

After dropping nearly 6% this morning, though, Kratos shares recovered from that loss. The stock was up by 1.9% as of 10:38 a.m. ET. That still leaves the drone and military technology company down 46% since mid-January.

Image source: Getty Images.

Source Fool.com

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