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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

€242.20
13.440%
Aerovironment dominated the market today, gaining €28.70 (13.440%).
With 53 Buy predictions and 1 Sell predictions Aerovironment is one of the favorites of our community.
As a result the target price of 280 € shows a slightly positive potential of 15.61% compared to the current price of 242.2 € for Aerovironment.
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