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?
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.