I trade stocks and was looking at the biggest moves of the year and came across RCAT. Over 2000% in a year which is pretty exceptional (it has pulled back recently from its peak). I looked a little deeper and found they supply drones to the US gov. I tried to pinpoint the date when the big “pop” occurred in the stock, otherwise known as a catalyst. Seems to be based off news on Nov 20 when a partnership with an AI company PDYN was announced. PDYN gained over 300% in a week on the news. Also very impressive and rare. They have a quarterly earnings call on Monday, might be some insights in there. Doesn’t explain what they’re doing in our airspace but if we know where they came and who’s supplying them we at least have some firm ground to stand on instead of being completely in the dark. I also already tried cross referencing congressional stock trades and nothing came up for RCAT or PDYN. — https://www.businesswire.com/news/home/20241120666119/en/ https://redcat.red/solutions/family-of-systems/ — Deep Throat from Watergate said it best, “Follow the money.” — [link] [comments] |