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Stock Soars 195% After IPO – Is It a…
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Airo Group Holdings (NASDAQ: AIRO) IPO’d last week.
And shares have surged 195% since then.
AIRO is a U.S. drone and defense technology company that makes unmanned aircraft and advanced systems for military and commercial use.
Its initial public offering had priced last week at $10 a share – well below the expected $14 to $16.
That kind of drop usually signals weak interest.
But by Friday’s close, the stock had jumped 140%.
It continued its rally this week – soaring 195% since it went public.
The company began trading the same day Israel launched strikes on Iran.
This sent defense stocks soaring.
Meanwhile, AIRO might’ve gotten a boost from President Trump’s latest executive order called…
Unleashing American Drone Dominance
This executive order is aimed at scaling up U.S. drone production and increasing drone exports.
AIRO is the latest stock to see huge gains after it IPO’d.
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