Why Unusual Machines Stock Popped Today

Unusual Machines (NYSEMKT: UMAC) stock jumped 13.1% through 3:30 p.m. ET Thursday after Needham analyst Austin Bohlig raised his price target on the drone stock by 36%, to $30 per share. Image source: Getty Images.Demand for U.S.-produced drone components "continues to far exceed available supply," reports Needham -- and is still growing. As the only (that I know of) pure-play, publicly traded supplier of low-cost drone parts based in the United States, Unusual Machines is a likely primary beneficiary of U.S. legislation that, since December last year, has banned the import of critical drone components from foreign sources. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool