BUZZ-Unusual Machines shares rally on funding talks report

Unusual Machines
S&P 500 index

Unusual Machines

UMAC

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S&P 500 index

SPX

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** Unusual Machines UMAC.A shares rally 35.9% to $25.58 in pre-market trade on Thurs after the WSJ reported the Trump administration is in talks to fund some drone cos, including UMAC

** The report, citing sources, said months-long discussions could result in funding via a mix of debt and equity, potentially giving the govt ownership stakes

** Drone dominance was identified as a top presidential priority in President Trump's $1.5 trln defense budget request for fiscal year 2027

** Reuters could not immediately verify the report. The White House, the Pentagon and the co did not immediately respond to Reuters' requests for comment

** All 5 analysts covering the stock rate it 'buy' or 'strong buy', and their median price target is $25.00, according to LSEG data

** UMAC's stock has jumped about 47.8% YTD, far outpacing a 9.9% rise in the S&P 500 .SPX