Cramer’s endorsement sends Swarmer shares soaring 46% intraday

MSN
2026.06.03 02:59
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Swarmer shares surged 46% intraday after Jim Cramer endorsed the company as a promising drone investment. This rally coincides with a recent $2.86 million U.S. defense contract to equip SkyKnight drones with its swarming platform. Despite the stock's surge, the company reported widening losses, with Q1 2026 net loss increasing to $4.5 million from $0.7 million year-over-year due to higher expenses.