Why AgEagle Aerial Systems Stock Fell in February

Lou Whiteman, The Motley Fool
·2-min read
Why AgEagle Aerial Systems Stock Fell in February

Shares of AgEagle Aerial Systems (NYSEMKT: UAVS) fell 17.1% in February, according to data provided by S&P Global Market Intelligence, weighed down by a short-seller report that raised questions about the business. Just 12 months ago it was a penny stock, valued by the market at less than $10 million. To date, there is no formal confirmation of any sort of a relationship with Amazon or any other retailer, and Bonitas Research in a report issued Feb. 18 called into question a lot of the narrative that has fueled the rally.