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Headline : Donald Trump Jr. joins a drone makers board — and the stock soars 90%

Read more from the original article on here at qz.com.





Tags : #donald #trump #jr #joins #drone #makers #board #stock #soars #9025



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Drone maker Unusual Machines (UMAC+15.36%) announced Wednesday that President-elect Donald Trump’s eldest son, Donald Trump Jr., will join its advisory board. That sent the little-known company’s stock soaring.

Allan Evans, chief executive officer of Unusual Machines, said in a statement that Trump Jr. “provides us unique expertise we need as we bring drone component manufacturing back to America.”

Shares of the Orlando, Florida-based company climbed 89% Wednesday, trading at about $10. Unusual Machines has a market capitalization of $67.18 million.

The move does not appear to be related to the younger Trump’s recent decision to join venture capital firm 1789 Capital.

Read more from the original article on here at qz.com.


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