Unusual Machines Stock Surges Premarket as Pentagon Drone Funding Report Puts UMAC Back in Focus
Unusual Machines (UMAC) surged over 30% in premarket trading Thursday after reports that the Trump administration is in talks to fund U.S. drone makers, including UMAC. The stock closed Wednesday at $18.83, up nearly 9%, and was indicated around $24.90 before the bell. UMAC also cited a partner’s selection for Phase II of the Pentagon’s Drone Dominance Program.