Red Cat Sinks 6% as Speculative Drone Names Extend Month-Long Slide; Unusual Machines Drops 4%, AeroVironment Barely Budges

Speculative drone stocks continued a month-long drift lower, signaling weak sector momentum despite a modestly positive session. The REX Drone ETF (DRNZ) rose 0.3% to $20.37 Wednesday morning, but the limited gain does little to offset the broader recent decline.