Why AeroVironment Stock Jumped 18% in October

Shares of AeroVironment (NASDAQ: AVAV), the maker of drones for military and commercial use, were moving higher last month on a positive analyst response to its investor open house at the end of September and after the company signed a major contract with the U.S. Air Force.A round of applause from Wall Street followed the open house and the Air Force announcement, with several analysts raising their price targets on the drone stock.The company also launched a new electric vertical takeoff and landing (eVTOL) platform, but fell after comments from Treasury Secretary Scott Bessent about defense companies investing more in their businesses and accelerating deliveries.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool