Why AeroVironment Stock Plunged This Week
Military drone specialist AeroVironment (AVAV -0.21%) has generally done well as a stock lately. But that didn't happen this week, as news of a round of capital-raising dampened investor sentiment on the company. According to data compiled by S&P Global Market Intelligence, AeroVironment stock lost more than 11% of its value over the period.New shares and convertible notesOn Monday, AeroVironment announced it would float both a secondary share offering and an issue of convertible senior notes. The followin ...