Why Shares of AeroVironment Got Crushed Last Week
(NASDAQ: AVAV) stock took a tumble on Jan. 16. After closing above $392 a share ahead of the holiday weekend, AeroVironment stock returned to market on Tuesday and promptly plunged 16%. Shares of the military drones manufacturer kept on sliding all week long, finally ending the week below $308 a share -- a total of 21.7% lost in just four trading days! (as of midday Monday, it was down almost 23%)
So... what happened to AeroVironment stock last week?
You may be surprised to learn it had nothing to do with drones.
Source Fool.com
Aerovironment Stock
€173.95
1.460%
The stock is one of the favorites of our community with 60 Buy predictions and 1 Sell predictions.
With a target price of 267 € there is a hugely positive potential of 53.49% for Aerovironment compared to the current price of 173.95 €.
