Why AeroVironment Stock Is Losing Altitude Today
Each day this week, (NASDAQ: AVAV) stock had closed slightly lower than where it had ended on the preceding day. That trend seems poised to continue today as shares of the drone maker continue to descend lower.
The cause for today's drop? Two of Cathie Wood's Ark Invest exchange-traded funds (ETFs) reported selling shares of AeroVironment yesterday, and investors seem motivated to follow suit today.
As of 1:57 p.m. ET, shares of AeroVironment are down 5.3%, recovering slightly from their earlier decline of 6.8%.
Source Fool.com
Aerovironment Stock
€250.70
-0.750%
The stock is one of the favorites of our community with 38 Buy predictions and 1 Sell predictions.
With a target price of 257 € there is a slightly positive potential of 2.51% for Aerovironment compared to the current price of 250.7 €.
