In the latest trading session, AeroVironment (AVAV) closed at $193.11, marking a -1.43% move from the previous day.
Why AeroVironment Stock Bounced Back Today
In the closing of the recent trading day, AeroVironment (AVAV) stood at $194.89, denoting a -1.11% change from the preceding trading day.
This defense tech leader will look to keep its momentum going in 2025.
Drone maker AeroVironment will acquire BlueHalo in an all-stock deal valued at about $4.1 billion, the companies said on Tuesday.
Investors need to pay close attention to AeroVironment (AVAV) stock based on the movements in the options market lately.
AeroVironment (AVAV) concluded the recent trading session at $220.80, signifying a -0.05% move from its prior day's close.
In the latest trading session, AeroVironment (AVAV) closed at $216.97, marking a +0.62% move from the previous day.
AeroVironment has been told to continue production of its Switchblade drone. A $990 million contract award for the Switchblade is under protest, which delayed deliveries.
The U.S. Army will still be buying kamikaze munitions from AeroVironment while a protest to a prior award is adjudicated. The objection from other suppliers had hammered shares.
The government hit the pause button on a lucrative contract. This concerned the provision of Switchblade drones.