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AeroVironment (AVAV) Soars: Stock Adds 13.2% in Session

Zacks Equity Research

AeroVironment, Inc. (AVAV) was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.96 to $34.75 since Jun 12, 2014.

The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

AeroVironment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Other better-ranked stocks in the aerospace-defense equipment industry include American Science & Engineering Inc. (ASEI), B/E Aerospace Inc. (BEAV) and CAE Inc. (CAE). All these stocks sport a Zacks Rank #2 (Buy).

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