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AeroVironment (NASDAQ:AVAV) Director Sells 250 Shares
AeroVironment Director Stephen Page sold 250 shares at $212.52 each, totaling $53,130, reducing his ownership by 0.50% to 49,751 shares valued at $10.57 million. The sale was disclosed to the SEC. The stock rose 5% to $222.51, with a market cap of $11.11 billion. Despite a 143% revenue increase to $408 million, earnings per share missed estimates. The company faces legal inquiries and mixed analyst reactions following its acquisition of Empirical Systems Aerospace, which may impact future growth and profitability.
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