Why AeroVironment Stock Plunged This Week
Military drone specialist AeroVironment (NASDAQ: AVAV) has generally done well as a stock lately. But that didn't happen this week, as news of a round of capital-raising dampened investor sentiment on the company. According to data compiled by S&P Global Market Intelligence, AeroVironment stock lost more than 11% of its value over the period.
On Monday, AeroVironment announced it would float both a secondary share offering and an issue of convertible senior notes.
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Source Fool.com
Aerovironment Stock
€234.50
1.120%
The stock is one of the favorites of our community with 27 Buy predictions and 1 Sell predictions.
With a target price of 237 € there is a slightly positive potential of 1.07% for Aerovironment compared to the current price of 234.5 €.
