Today: 12 June 2026
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NYSE:UMAC 27 October 2025 - 28 May 2026

UMAC Stock Gains After Pentagon Funding Report, Profit Uncertainty Remains

UMAC Stock Gains After Pentagon Funding Report, Profit Uncertainty Remains

Unusual Machines shares jumped as much as 52% Thursday after reports the Trump administration is in talks to fund U.S. drone makers. The Orlando-based supplier’s stock was last up 41% at $26.52. First-quarter revenue soared 296% to $8.1 million, but the company posted a $7.3 million operating loss. Reuters said it could not independently confirm the government funding talks.
Unusual Machines (UMAC) Stock Skyrockets on Pentagon Drone Deals and Trump Jr. Buzz

Unusual Machines (UMAC) Stock Skyrockets on Pentagon Drone Deals and Trump Jr. Buzz

Unusual Machines (NYSE: UMAC) stock jumped 15% after landing a $12.8 million U.S. Army drone parts contract, closing at $12.84 on Oct. 24 and rising further in pre-market trading. The company also secured a deal to supply 3,500 drone motors to the Army’s 101st Airborne and expects a follow-on order of 20,000 parts next year. UMAC’s market cap stands near $425 million.

Stock Market Today

  • EngineAI Files Confidentially for Hong Kong IPO Amid Growing Robotics Sector Interest
    June 11, 2026, 11:14 PM EDT. Chinese robotics startup EngineAI has confidentially filed for an initial public offering (IPO) in Hong Kong, sources familiar with the matter said. The move spots EngineAI among numerous companies in the robotics sector seeking capital to fuel expansion. The confidential filing is an early step in the IPO process, enabling the firm to prepare key documents under regulatory review without public disclosure. The funding will likely support EngineAI's development in humanoid robot manufacturing, a segment drawing increasing investor attention amid growing automation demand in China and beyond.

Latest articles

AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Dow up 930 points after hours as tech lifts Nasdaq

12 June 2026
Dow soars 929.97 points for its strongest session in months as easing geopolitical risk and a rebound in tech drive ETFs higher after hours; chip stocks surge with the PHLX Semiconductor Index up 7.9%, while Adobe drops 5.44% after CFO exit despite raised forecasts.
Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

12 June 2026
Keel Infrastructure Corp. surged 5.14% to $5.52 after closing $458 million in 1.250% convertible senior notes due 2032, with proceeds aimed at accelerating AI and high-performance computing data center projects; the notes’ initial conversion price is $7.41, about 25% above the June 4 close, while analysts’ 12-month price targets range from $3.00 to $8.00, averaging $5.52.
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