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Why AeroVironment Stock Bounced Back Today
AVAVAeroVironment(AVAV) The Motley Fool·2024-11-20 19:16

AeroVironment (AVAV 1.37%) stock slid nearly 2% Tuesday after the company announced plans to make a 4.1billionacquisitioninthedefenseindustry.ThestockisrecoveringabitfromthoselossesWednesday,though,asinvestorsrethinktheirinitialskepticismaboutthedeal.Asof12:55p.m.ET,thestockisup34.1 billion acquisition in the defense industry. The stock is recovering a bit from those losses Wednesday, though, as investors rethink their initial skepticism about the deal.As of 12:55 p.m. ET, the stock is up 3%.AeroVironment's big dealAeroVironment stock outperformed the S&P 500 over the past year, rising 49% in price. The stock currently boasts a 5.5 billion market capitalization -- which sounds like ...