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Why Red Cat Stock Is Skyrocketing Today

TheMotleyFool

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Why Red Cat Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/868528/gettyimages-1271085883.jpg

Red Cat (NASDAQ: RCAT) stock is seeing massive gains in Thursday's trading. The company's share price was up 35.1% as of 2:20 p.m. ET. The S 500 was up 0.5% at the same point in the day's trading, and the Nasdaq Composite was up 0.8%.

The company's valuation is surging in conjunction with a recent report suggesting that the U.S. government could be poised to invest in drone companies. With today's explosive pop, the stock is now up 81.5% in 2026.

Image source: Getty Images.

Source Fool.com

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