AeroVironment stock drops 7% on offering plan to pay off debt
An image of a Quantix drone made by AeroVironment. The drone maker said it would use leftover funding for general purposes such as boosting manufacturing capacity. AeroVironment shares have soared 85% this year, ballooning its market value to about $13 billion. Last week, shares of the Arlington, Virginia-based company rallied on strong fourth-quarter results, lifting higher as CNBC's Jim Cramer called it the "next Palantir of hardware." AeroVironment shares fell 7% Tuesday after the defense contractor said ...