Why Unusual Machines Stock Is Plummeting Today
No news isn't always good news.
Overview
After soaring on Friday, Unusual Machines (NYSEMKT: UMAC) stock is losing altitude today. Despite an analyst's increasingly optimistic take on the drone company's stock, the market is unimpressed, choosing to click the sell button instead -- a dynamic that may confuse some, considering the company hasn't reported anything negative today.
As of 10:38 a.m, ET, shares of Unusual Machines are down 7.8%, paring back an earlier 10.3% loss.
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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.