Drone Stocks Slide as Risk Appetite Fades: Unusual Machines Tumbles 9%, Red Cat Falls 7%, Ondas Declines 5%
Drone stocks slipped in Monday trading as risk appetite faded, with Ondas declining 5% alongside Unusual Machines (down 9%) and Red Cat (down 7%). The REX Drone ETF fell 4% to $21.58, versus a 0.7% dip in the Invesco QQQ Trust.
Why it matters — The report places Ondas within a broader downturn for drone-sector equities, so ONDS watchers would note this as part of a wider market pullback in the industry.