Unusual machine stock reaches another record with Donald Trump Jr. as advisor

What you need to know

• Unusual Machines shares soared for a second straight session on word that Donald Trump Jr. was joining the drone parts maker's advisory board.
• Company CEO Allan Evans is quoted as saying the move was not designed to take advantage of Trump Jr.'s connections to get government contracts.
• Unusual machines shares have reached record levels in the last two sessions.

The shares of Unusual Machines soared for the second session in a row Friday, after Donald Trump Jr. joined their advisory board.

It was questioned whether this move, which included the eldest child of Donald Trump as President-elect, was intended to help Unusual Machines secure government contracts. The Wall Street Journal, however, reported that Allan Evans, the CEO of Unusual Machines, rejected this premise. “I would never ask him to do anything or facilitate anything like that.”

Evans explained in the company's press release that Trump Jr. "brings a wealth of experience and I look forward to his advice and role within the Company as we continue to build our business."

Trump Jr. says US must stop buying Chinese Drones and Parts

Trump Jr. wrote that "the need for drones is obvious," and the U.S. must stop buying Chinese-made drones and drone parts. He added that "I love what Unusual Machines is doing to bring drone manufacturing jobs back to the USA and am excited to take on a bigger role in the movement." 

The Journal reported that Trump Jr. owned more than 331,000 company shares. 

Unusual Machines first began trading publicly in February. The Trump Jr. announcement sent the stock to new highs the past two days. In recent trading, they were up 32% at $13,03 following a 85% increase on Wednesday.

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