Unusual Machines, Inc. (UMAC) is experiencing a significant surge in its stock price today, driven by a broader rally in drone concept stocks. The market has been buzzing with excitement around drone technology, particularly as the incoming Trump administration is expected to favor policies that could benefit the sector. Notably, UMAC has been highlighted as a key player in this space, with its stock having already seen a substantial increase since early November. The anticipation of increased demand for drones in military and commercial applications is fueling investor interest, as evidenced by the stock's impressive performance today.
UMAC shares are currently trading at $17.58, marking a 20.49% increase from the previous close of $14.59. The stock opened at $15.48 and has seen a 13.57% rise from the opening price.