On May 28, Red Cat Holdings rose 13.4% in pre-market trading, trading at $12.15/share, with trading volume of $1.5323 million.

On the news front, the company recently announced its acquisition of Quaze Technologies, a firm specializing in wireless power transmission technology for unmanned systems, drones, and autonomous machines. Quaze Technologies will operate as an independent business unit within Red Cat. The market views this acquisition as a significant technological complement to Red Cat's defense-oriented drone business, and the stock has continued its upward trajectory since the announcement. Additionally, HC Wainwright has assigned a buy rating with a $20 price target, while the analyst consensus target stands at $21.50.

Red Cat Holdings is a U.S.-based military technology company that provides advanced drone and robotic solutions for defense, national security, and commercial applications, developing American-made unmanned aerial and surface vessel hardware and software.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)