
Ondas Diamond Holder$Ondas(ONDS.US) The reasons for the recent rise in drone stocks over the past two days, besides the overall market starting to recover and short sellers beginning to cover their positions, include another important factor. Representative Cisneros is a member of the House Intelligence, Special Operations, and Military Personnel Committee. He recently purchased shares of the leading defense/drone contractor
Aerovironment (stock code: AVAV).
The timing of his stock purchase roughly coincides with the U.S. War Department's strong push for the "Unleashing American Drone Advantage" project, which requires the industry to procure an additional 300,000 drones.
The drone sector experienced a collective rebound following this news.
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