Red Cat Sinks 6% as Speculative Drone Names Extend Month-Long Slide; Unusual Machines Drops 4%, AeroVironment Barely Budges
Red Cat (RCAT) fell 6% today, extending its month-long decline to 32%. Unusual Machines (UMAC) also dropped 4%. In contrast, AeroVironment (AVAV) saw a minimal decline of 0.7%, while the REX Drone ETF (DRNZ) was up 0.3% and the SPDR S&P 500 ETF Trust (SPY) rose 0.36%, indicating that the selloff is confined to speculative small-cap drone stocks rather than the broader drone sector.
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