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Why AeroVironment Stock Lost 13% in December

TheMotleyFool 
0 0 08.01.26
Why AeroVironment Stock Lost 13% in December: https://g.foolcdn.com/editorial/images/849985/drones-in-the-air.jpg
 

Shares of AeroVironment (NASDAQ: AVAV) were among the losers last month as the drone-maker posted a disappointing second-quarter earnings report and cut its guidance for the full year.

Later in the month, the stock recouped some of those losses on favorable analyst commentary and as the Federal Communications Commission (FCC) announced a ban on some foreign drones, favoring domestic companies like AeroVironment.

By the end of the month, the stock was down 13% according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock fell early in the month on the earnings report before recovering some of those losses in the second half.

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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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