Unusual Machines Sinks 12%, Red Cat Tumbles 10% as High-Beta Drone Stocks Slide; Ondas Drops 9%, AeroVironment Falls 6%
Unusual Machines (UMAC) fell 12%, Red Cat (RCAT) dropped 10%, Ondas (ONDS) declined 9%, and AeroVironment (AVAV) decreased 6% amid a risk-off market. UMAC is up 20% YTD, while others are down significantly. Ondas announced support for a FEMA counter-drone program. AeroVironment is the largest and only profitable among them.


