Unusual Machines, Inc. is trading at $31.03 (+7.44%) today, continuing a volatile trend driven by recent reports of potential U.S. government funding for the drone sector.
- The stock is building on momentum from late May, when reports surfaced that the Pentagon was in talks to provide direct funding to a select group of U.S. drone companies, with Unusual Machines being specifically named. [6, 10]
- This news previously sent the stock soaring over 50% in a single day, and today's move appears to be a continuation of that investor enthusiasm. [9]
- The company is also participating in the Stifel investor conference today, June 2nd, which may be contributing to investor interest. [7, 14]