AgEagle Aerial Systems (UAVS) skyrockets 70% on leaked Amazon (AMZN) partnership or a major ecommerce company. The company engages in the design, distribution and support of unmanned aerial vehicle data acquisition drones for precision agriculture industry.
There has been rumors of a leaked video containing what looks like a partnership between the two companies. The company’s leaked video has since been set to private on the YouTube platform.
According to a Reddit post by KoolKoda it alleges that there was a post about this and that the video was available for months unlisted on YouTube. Only people who were given the link could have seen the video.
The company has been rapidly expanding it’s client relationships and during the COVID-19 pandemic did not furlough or lay off it’s employees.
AgEagle Aerial Systems (UAVS): Should you buy?
Drone deliveries are on a rapid increase with it being a billion dollar industry in the coming years. While this company may not be Amazon it is a big eCommerce company which they both entered into an agreement in September of 2019.
I would recommend not investing in this stock.
Now one could say this was just a move to pump their stock. However, the video was uploaded in mid-February. Unless they were planning this all along for the past two months. Which seems a little far fetched.
