Stocks See Major Moves: Reddit Climbs, Applied Materials Falls
Stocks experienced significant movement, with Reddit climbing and Applied Materials and Gemini falling. Unusual Machines saw a jump after Trump imposed a 100% drone tariff on China, signaling a "hard decoupling."
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Reddit Climbs, Applied Materials, Gemini Fall | Stock Movers
On this episode of Stock Movers: Drone companies including AeroVironment Inc. (AVAV), Aevex Corp. (AVEX), and Unusual Machines Inc. (UMAC) rose on news that the Trump administration plans to apply a 100% tariff on imports of unmanned aircraft systems and their components. Applied Matierals (AMAT) fell despite an earnings forecast that topped estimates. Investors had a muted reaction to earnings even though the stock has more than doubled this year. Gemini Space Station (GEMI) fell as the ...
Read full article →Stocks making the biggest moves midday: Sandisk, Applied Materials, AeroVironment, Cisco Systems, Reddit & more
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Read full article →Unusual Machines Jumps After Trump Slaps 100% Drone Tariff In "Hard Decoupling" From China
Unusual Machines Jumps After Trump Slaps 100% Drone Tariff In "Hard Decoupling" From China Shares of drone makers AeroVironment and Aevex, and "pure-play" drone-parts company Unusual Machines, are higher in premarket trading Thursday after the Trump administration signed a proclamation imposing tariffs of as much as 100% on imported drones and components, part of a broader effort to decouple the nation's drone supply chain from China. Drones weighing more than 55 pounds, in othe...
By Tyler Durden
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