Why Unusual Machines Stock Jumped Today
Yahoo Finance ·
Shares of Unusual Machines ( UMAC +15.96% ) rose sharply on Tuesday amid a rally in drone stocks. AeroVironment 's blockbuster earnings report provided a boost to the drone industry . The unmanned systems producer reported a 133% gain in revenue and stronger-than-expected profits after the market close on Monday. Traders reacted to the news by bidding up the share prices of drone-related companies.
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