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Why AeroVironment Stock Is Soaring Higher This Week


With its rise today, (NASDAQ: AVAV) stock extended its streak of locking in a gain every day this week. In addition to investors' suspicions that international political tensions will remain high, President Trump's commentary on the nation's defense budget is providing investors with motivation to click the buy button on shares of defense contractors that specialize in drone technology.

According to data provided by S&P Global Market Intelligence, AeroVironment stock has increased by 33.3% from the end of trading last Friday to the close of today's market session.

Image source: Getty Images.

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Source Fool.com

Aerovironment Stock

€313.70
5.780%
A very strong showing by Aerovironment today, with an increase of €17.10 (5.780%) compared to yesterday's price.
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 321 € there is a slightly positive potential of 2.33% for Aerovironment compared to the current price of 313.7 €.
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