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Stock impact report

Why Shares of AeroVironment Got Crushed Last Week [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
The Space Force wants to transform the contract from cost-plus to fixed-price, potentially hurting profit margins. 10 stocks we like better than AeroVironment › AeroVironment (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. Going back to work after a long weekend is rarely fun, and AeroVironment management had a worse-than-usual surprise waiting when it returned to the office on Tuesday. As AeroVironment disclosed in an 8-K filing with the SEC, the U.S. government "issued a stop work order on the Company's Other Show less Read more
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