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
€174.80
-18.130%
With 53 Buy predictions and 2 Sell predictions Aerovironment is one of the favorites of our community.
As a result the target price of 283 € shows a very positive potential of 61.9% compared to the current price of 174.8 € for Aerovironment.
