Ondas Holdings (ONDS) Stock Surges on $10M Order Win and ETF Launch
Ondas Holdings Inc. (NYSE: ONDS) closed its final trading session of the year with an 8.6% surge to $9.76, briefly topping $10 intraday, after announcing $10 million in new autonomous systems orders. Trading volume spiked to 156 million shares, far exceeding recent averages.
The rally was amplified by the debut of a Leveraged single-stock ETF tied to ONDS, injecting volatility into the thinly traded name. Ondas' counter-drone technology orders signal growing defense sector demand for its autonomous solutions.
Market technicians note the stock's high-beta characteristics have intensified since its pivot to defense tech, with news FLOW creating sharp momentum swings. The $10 level now serves as a key psychological resistance point.