Why Unusual Machines Stock Was Skyrocketing This Week

Unusual Machines (NYSEMKT: UMAC), the intriguingly named drone components supplier that came to the stock market after an early-2024 IPO, was having quite a week. Its share price was up 16% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence, on two encouraging pieces of news it delivered.The first item was published by Unusual Machines on Tuesday. The company said it booked a $12.8 million order from drone developer Strategic Logix. Unusual Machines' components will find their way into the customer's rapid reconfigurable systems line of products. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool