Why AeroVironment Stock Bounced Back Today

AeroVironment (NASDAQ: AVAV) stock slid nearly 2% Tuesday after the company announced plans to make a $4.1 billion acquisition in the defense industry. The stock is recovering a bit from those losses Wednesday, though, as investors rethink their initial skepticism about the deal.As of 12:55 p.m. ET, the stock is up 3%.AeroVironment stock outperformed the S&P 500 over the past year, rising 49% in price. The stock currently boasts a $5.5 billion market capitalization -- which sounds like a lot, but here's the thing: The company AeroVironment is buying costs nearly as much as AeroVironment itself.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool