Why Kratos Defense & Security Solutions Stock Is Soaring Today
There's more than one reason why this drone stock is gaining altitude today.
Overview
Closing slightly lower than its Friday close, Kratos Defense and Security Solutions (NASDAQ: KTOS) stock is flying higher today. In addition to a popular growth investor buying shares of the defense stock, investors are adding Kratos to their buy lists after learning that a U.S. ally is making a significant investment in drones to fortify its defenses.
As of 1:04 p.m. ET, shares of Kratos Defense are up 5.5%, after earlier rising 9.6%.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.