Why Red Cat Stock Was Dogged by the Bears Today

By Eric Volkman – Mar 30, 2026 at 7:45PM ESTKey PointsIt's the new owner of a peer, Apium Swarm Robotics.The company also announced a partnership with a Ukrainian state enterprise.Drone maker Red Cat Holdings (RCAT 8.60%) was well in the red on the stock market as the trading week kicked off. Investors seemed displeased with the company's news that it closed an acquisition, expressing this by trading out of the stock to push it down by almost 9% that trading session. Swarms incoming That morning, Red Cat announced that it is the new owner of a privately held peer, Apium Swarm Robotics. Red Cat described Apium as a "developer of distributed control systems for autonomous swarming drones and uncrewed surface vessels (USVs)." The buyer did not disclose the purchase price. Image source: Getty Images. Red Cat and Apium are familiar to each other, as the two companies first partnered in 2025 through the former company's futures initiative. Red Cat said that Apium ran a successful demonstration of autonomous multi-agent missions using Red Cat hardware. Separately, Red Cat announced that it entered into a strategic partnership with Spetstechnoexport, a government-owned business in Ukraine. Under a memorandum of understanding (MOU), the two companies pledged to advance drone technology and production in that country. No financial details of the arrangement were provided. ExpandNASDAQ: RCATRed CatToday's Change(-8.60%) $-1.09Current Price$11.59Key Data PointsMarket Cap$1.5BDay's Range$11.18 - $13.2552wk Range$4.60 - $18.78Volume15MAvg Vol16MGross Margin3.13% Deal details lacking Investors are rarely comfortable with uncertainty, and it's likely that they disliked the lack of dollar values in either announcement. Personally, I wouldn't be too dismayed, as Red Cat needs to be secretive by the nature of its work. The Apium acquisition makes plenty of sense to me (drone swarms will inevitably be a component of warfare in the future), as does the tie-up with Spetstechnoexport. I'd see the Monday Red Cat sell-off as something of an opportunity to get this promising stock at a bargain. Read NextMar 19, 2026 •By Rich SmithWhy Red Cat Stock Got Declawed TodayMar 19, 2026 •By Motley Fool TranscribingRed Cat (RCAT) Q4 2025 Earnings Call TranscriptMar 4, 2026 •By Lou Whiteman6 Best Defense ETFs to Buy in 2026Mar 2, 2026 •By Joe TenebrusoWhy Red Cat Stock Soared TodayMar 30, 2026 •By Brett SchaferSpaceX Bought Elon Musk's AI Company Last Month -- Now It Wants to Go PublicMar 30, 2026 •By Brett SchaferIs This the 1973 Oil Shock All Over Again? Here's How to Protect Your Portfolio.About the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedRed CatNASDAQ: RCAT$11.59(-8.60%)-$1.09*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.