A $20 Million Reason AeroVironment Stock Is Up 26% Over the Past 5 Days

Why Is AeroVironment Stock Surging On Thursday? - AeroVironment (NASDAQ:AVAV)

Discover why AeroVironment Inc. (NASDAQ: AVAV) stock is surging today after securing a $20 million U.S. Air and Space Forces contract.

A $20 Million Reason AeroVironment Stock Is Up 26% Over the Past 5 Days

AeroVironment shares rally on a $20.2 million federal backing. Here are other factors that have been driving AVAV stock higher this week.

AeroVironment Jumps 17% on Drone Funding Chatter

AeroVironment shares jumped over 17% Thursday after the company announced a $20 million Air Force contract and reports surfaced of possible U.S. funding for domestic drone makers. Shares peaked at $216.59 before settling at $212.49. Trading volume neared 3 million. Peers Red Cat Holdings and Kratos Defense also posted double-digit gains. The post AeroVironment Jumps 17% on Drone Funding Chatter appeared first on TechStock².