From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 30s
AeroVironment Shares Jump 10.3% in Aerospace Rally
AeroVironment's shares surged 10.3% Friday as aerospace stocks rose together.
In brief
AeroVironment's shares surged 10.3% Friday as aerospace stocks rose together. AeroVironment's stock jumped 10.3% on Friday amid a sector-wide aerospace rally. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
AeroVironment Shares Surge
AeroVironment surged 10.3% on Friday as aerospace and defense stocks rose together.
Sector Peers Also Gained
Seven aerospace peers climbed, with KRMN up 33.6%, BETA 10.1%, SARO 6.4%, KTOS 4.2%, and LOAR 3.4%.
Market Capitalization Rises
AeroVironment's market cap reached $5.7 billion after the rally, though analysts cut one price target in seven days.
The essence
AeroVironment's stock jumped 10.3% on Friday amid a sector-wide aerospace rally.
