Why Kratos Defense Stock Dropped Today
Kratos's Valkyrie didn't participate in the Iran war, so why is Kratos stock being punished now that the war is over?
Why Kratos Defense Stock Dropped Today
Overview
Kratos Defense & Security (NASDAQ: KTOS) stock fell 4.4% through 11:55 a.m. ET Thursday -- and it's no mystery why.
President Trump announced yesterday that the U.S. and Iran have signed an "interim agreement" to end their conflict. While it's hard to answer the age-old question "war, huh, what is it good for?" investors today seem to think ending the Iran war is bad news for Kratos stock.
Image source: Kratos Defense & Security.
Details
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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.
