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Stock impact report

Why Are AeroVironment (AVAV) Shares Soaring Today [Yahoo! Finance]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
Company Research Source: Yahoo! Finance
announced it was awarded a three-year, $97.4 million contract from the U.S. Army to develop a next-generation test environment for advanced missile defense systems. This news appeared to fuel positive investor sentiment. The stock's rise also came as the broader defense sector experienced a rally. The move happened amid rising geopolitical tensions in West Asia, which renewed market focus on defense companies. Reports noted that the Nifty Defence Index rose more than 3% during the session, extending its recent gains. After the initial pop the shares cooled down to $230.26, up 4.4% from previous close. Is now the time to buy AeroVironment? Access our full analysis report here, it's free What Is The Market Telling Us AeroVironment's shares are extremely volatile and have had 43 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the busine Show less Read more
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