Why Unusual Machines Trounced the Market Today

Drone maker Unusual Machines' (NYSEMKT: UMAC) stock soared above the rest of the market as the trading week kicked off. Mere days before the company was set to publish its latest quarterly earnings report, it announced a rather complementary acquisition. Investors greeted this by pushing the company's stock up by more than 14% that trading session. Before market open, Unusual Machines announced that it signed a definitive agreement to acquire privately held DroneNX (doing business as Upgrade Energy). This is a business that specializes in battery and power solutions specifically developed for drones. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool