Why Unusual Machines Stock Just Crashed

Why Unusual Machines Stock Just Crashed

Key PointsDrones parts maker Unusual Machines will sell 8.8 million new shares to raise $150 million in new cash.The move will dilute shareholders -- and leave Unusual Machines unusually flush with cash.10 stocks we like better than Unusual Machines › Unusual Machines (NYSEMKT: UMAC) stock tumbled 15.6% through 11:55 a.m. ET Friday after announcing (last night) that it planned to issue and sell new shares to raise cash to "expand its U.S. drone …

Unusual Machines Stock Slips After The Bell: Here's Why

Unusual Machines Inc (AMEX:UMAC) shares are moving lower in extended trading Thursday after the company announced a proposed public offering. Unusual …