Drone Stocks Jump as Archer Aviation Stock Fuels Retail Trader Frenzy on Tesla Tie-Up Speculation
Tiger Newspress
Oct 06
Archer Aviation stock saw a spike in retail investor chatter late Sunday after the company’s demonstration of its Midnight aircraft in an airshow, as well as continued speculation about a potential tie-up with Elon Musk’s Tesla. The airtaxi maker’s stock surged 13.7% on Friday, and jumped another 10% in morning trading on Monday.
Other drone stocks also jumped. SES AI rose 11%; Red Cat rose 9%; ParaZero and Ondas rose 8%; Kratos Defense & Security Solutions rose 4%; AIRO Group and AeroVironment rose 2%.
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