Unusual Machines shares rally on funding talks report

Unusual Machines

28/05/2026 09:06

** 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     



 (Reporting by Rashika Singh in Bengaluru)
 ((Rashika.Singh@thomsonreuters.com;))