Unusual Machines (UMAC) Stock Jumps 15% After Trump Signs Drone Tariff Order
TLDR
- UMAC surged 14.6% in pre-market trading to $31.21 after President Trump signed a proclamation imposing tariffs on imported drones
- The order imposes a 100% tariff on heavier/military-grade drones and 25% on smaller commercial drones
- UMAC had already posted a Q2 revenue beat of $16.7M vs. a $9.19M consensus, up 687% year-over-year
- Peers Red Cat Holdings, Ondas Holdings, and AeroVironment also rose in sympathy
- Insider activity shows $7.5M in selling over the past three months with no insider buying
Unusual Machines stock jumped 14.6% in pre-market trading on Friday, reaching $31.21, after President Trump signed a proclamation on Thursday evening imposing steep tariffs on imported unmanned aircraft systems.
The order sets a 100% ad valorem tariff on heavier industrial and military-grade drones, specifically those over 25 kilograms or equipped with thermal imaging, along with their docking stations and hardware. Smaller commercial drones face a 25% levy. The EU and U.K. receive preferential rates of 15% and 10% respectively.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
