Why Aerovironoment Stock Gained 15% in January
Shares of drone-maker Aerovironment (NASDAQ: AVAV) were on the move last month as the stock soared in the first half of January before giving up most of those gains in the second half of the month.
Early on in January, AV, as the company is also known, benefited from a social media post from President Trump proposing to expand the 2027 military budget from $1 trillion to $1.5 trillion. A proposed ban on Chinese drones from the FCC in December also seemed to give AV a boost heading into January, though the government withdrew those plans later on in the month.
According to data from S&P Global Market Intelligence, the stock finished the month up 15%. As you can see from the chart below, it was a roller coaster month for Aerovironment.
Source Fool.com
