Why AeroVironment Stock Dropped Today
(NASDAQ: AVAV) stock tumbled 4.7% through 10:50 a.m. ET Tuesday, and it's not hard to figure out why ... although AV isn't making it easy, and you do have to do a little digging:
This morning, the U.S. Government "issued a stop work order on the Company's Other Transaction Agreement for the delivery of BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource ("SCAR") program."
Image source: AeroVironment.
Source Fool.com
Aerovironment Stock
€175.95
6.660%
The stock is one of the favorites of our community with 59 Buy predictions and 1 Sell predictions.
With a target price of 270 € there is a hugely positive potential of 53.45% for Aerovironment compared to the current price of 175.95 €.
