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
€217.70
8.460%
The stock is an absolute favorite of our community with 52 Buy predictions and no Sell predictions.
With a target price of 281 € there is a positive potential of 29.08% for Aerovironment compared to the current price of 217.7 €.
