Swarmer Soars 31%, Holiday Week Brings New Test for Drone Names
Swarmer Inc. shares jumped 9.31% to $38.86 Friday, closing 31% higher than a week earlier on heavy volume ahead of the U.S. Memorial Day market break. The drone-autonomy firm, newly public and reporting a first-quarter net loss of $4.5 million, relies on a single customer for nearly all revenue. Nasdaq trading resumes Tuesday.