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Drone stocks are surging on Wall Street Monday led by Red Cat Holdings
RCATRed Cat (RCAT) CNBC·2024-12-16 23:11

Drone stocks rallied Monday as retail interest ramped up in the sector following a Palantir partnership with Red Cat Holdings and amid a flurry of mysterious New Jersey sightings that Wall Street believes could boost funding for the industry.Red Cat shares rallied more than 25% on news that its working with Palantir to integrate visual navigation software into its drones. The ticker RCAT has been the sixth most popular mention on Reddit's famed WallStreetBets page over the last 24 hours, only behind crypto ...