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Benzinga
Benzinga
Business
Vandana Singh

Unusual Machines Stock Shoots Higher after Trump's Action on Critical Drone Supply Chains

Unusual Machines Drone United States Supply chain AMEX UMAC
Military,Kamikaze,Drones,With,Aerial,Bombs,Fly,In,Front,Of

Unusual Machines Inc. (AMEX:UMAC) stock is trading higher on Friday. The stock is trading closer to its 52-week high of $34.36 in reaction to the update related to the U.S. government announcing tariffs on drone and related component imports.

The directive announced on Thursday focuses on bolstering the domestic drone industry and strengthening the U.S. supply chain.

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