Why AeroVironment Stock Flew Higher Today

Shares of AeroVironment (NASDAQ: AVAV) stock soared 6.7% through 10:20 a.m. ET this morning. Even in the absence of upgrades, earnings announcements, or other obviously good news for AV, that makes sense. Up and down the U.S. East Coast, and as far inland as Ohio, headlines are dominated by stories of mysterious unidentified flying objects (UFOs) that appear to be unmanned aerial vehicles (UAVs).America is being overrun by drone reports. And AeroVironment is America's best known manufacturer of drones for the U.S. military.According to a recent tally from NBC News, unidentified drones -- maybe Chinese, maybe Russian, maybe alien, or maybe not even drones at all -- have been reported as far south as Florida, as far north as New York, and as far west as Ohio. The online rumor mill is going wild, with some hypothesizing an Iranian drone "mothership" based off the East Coast, unleashing waves of drones night after night. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool