From Yahoo Finance · · 50s
Drone Stocks Slide as Speculative Names Fall
Speculative drone stocks drop amid month-long slide, while defense firms hold steady.
In brief
Speculative drone stocks drop amid month-long slide, while defense firms hold steady. Red Cat and Unusual Machines fall 6% and 4% as speculative drone names extend a month-long decline, while AeroVironment remains stable. Originally reported by Yahoo Finance.
Red Cat Drops 6%
Red Cat Holdings stock falls 6% to $7.53.
Month-Long Slide Continues
Red Cat has dropped 32% over the past month.
REX Drone ETF Holds Positive
The REX Drone ETF rises 0.3% to $20.37.
Unusual Machines Falls 4%
Unusual Machines stock drops 4% to $22.03.
AeroVironment Stays Stable
AeroVironment stock barely moves at -0.7%.
No News Catalyst
Red Cat's slide continues without new news.
Split in Drone Theme
Speculative names fall while established defense firms hold steady.
What to Watch Next
Traders monitor Red Cat for intraday stabilization.
The big picture
Red Cat and Unusual Machines fall 6% and 4% as speculative drone names extend a month-long decline, while AeroVironment remains stable.
