Unusual Machines Shares Soar After Donald Trump Jr. Joins Advisory Board

Benzinga 2024-11-27

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Unusual Machines' share price surged by more than 90% in premarket trading Wednesday after the company announced that Donald Trump Jr. had joined its advisory board. Trump Jr., son of President-elect Donald Trump, brings valuable expertise to the small U.S. drone and drone component maker, with a market cap under $50 million. CEO Allan Evans emphasized Trump Jr.'s role in helping bring drone manufacturing back to America, with Trump Jr. expressing support for reducing reliance on Chinese-made drones. Shares surged from nearly $5 to over $8 as of Wednesday morning, with nearly 5 million shares traded.

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