AeroVironment (NASDAQ:AVAV) climbs, but backlog, margin details curb gains
AeroVironment, Inc. surged Tuesday after posting strong fiscal Q4 numbers, but action was choppy. The drone and defense stock ended at $165.07, up 18.76%. Shares opened at $176.50, hit $178.50 during the day, then eased back. Volume was heavy at 7.98 million shares, 5.4 times the norm. After hours, the stock moved to $165.55. The stock outperformed the indexes by a lot, but closing under the open tells the story. Buyers bought the earnings beat, then stepped back after seeing gross margin, the latest acquisition, and profit targets for fiscal 2027. AP said the broader U.S. market climbed, with the Nasdaq gaining 1.5% and the S&P 500 adding 0.8%.