Unusual Machines, Inc. (UMAC) saw its stock price rise significantly on January 14, 2025, closing at $11.99, an 8.41% increase from the previous close of $11.06. The stock opened at $11.72 and reached a high of $12.69 during the trading session. The surge in price was primarily driven by the announcement of Brad Mello's appointment as Vice President of Manufacturing. Mello's extensive experience in automotive manufacturing and industrial automation is expected to bolster the company's domestic production of drone components, particularly high-performance brushless motors for the FPV market. This strategic move aligns with Unusual Machines' goal to vertically integrate production, enhancing supply chain resilience and reducing time-to-market.
Despite the positive news, trading volume was notably low at 1,691,054 shares, just 36.19% of the average daily volume. The market's reaction reflects investor optimism about the company's strengthened manufacturing capabilities and potential growth in the U.S.-made drone components sector.