Red Cat Holdings is trading at $7.93 (+5.31%) as defense stocks rally and the broader market remains in a risk-on posture.
- The active defense ETF climbed 2.02% following news of major missile-production contracts, which provided a lift to the entire sector.
- While no new company-specific announcements were released today, a recent disclosure from August 1 showing a Renaissance Technologies stake continues to provide supportive context for the stock.