Why Shares of AeroVironment Got Crushed Last Week
(NASDAQ: AVAV) stock took a tumble on Jan. 16. After closing above $392 a share ahead of the holiday weekend, AeroVironment stock returned to market on Tuesday and promptly plunged 16%. Shares of the military drones manufacturer kept on sliding all week long, finally ending the week below $308 a share -- a total of 21.7% lost in just four trading days! (as of midday Monday, it was down almost 23%)
So... what happened to AeroVironment stock last week?
You may be surprised to learn it had nothing to do with drones.
Source Fool.com
Aerovironment Stock
€217.70
8.460%
The stock is an absolute favorite of our community with 52 Buy predictions and no Sell predictions.
With a target price of 281 € there is a positive potential of 29.08% for Aerovironment compared to the current price of 217.7 €.
