Why Shares of Dronemaker AeroVironment Soared Higher in May

Why Shares of Dronemaker AeroVironment Soared Higher in May

Shares of AeroVironment (NASDAQ: AVAV) gained 17.5% in May, according to data provided by S&P Global Market Intelligence, propelled higher after the company won its largest military contract to date. AeroVironment has historically been a volatile stock, but the company's shares are now up more than 50% since mid-March. Aerovironment is a maker of small drones and tactical missile systems for government and commercial customers.