Why AeroVironment Stock Bounced Right Back Today

·2-min read
Why AeroVironment Stock Bounced Right Back Today

Shares of defense contractor AeroVironment (NASDAQ: AVAV) are acting kind of funny today. Barely 24 hours after reporting a big sales miss for its fiscal second-quarter 2022 -- and promising to keep on missing sales estimates all year long -- AV stock is bouncing back from the 27.5% loss it suffered yesterday. As of 2:50 p.m. ET, AeroVironment stock is up 6.7% -- and you're not going to believe why.