Ondas Holdings Inc. is trading at $13.01 (-4.2%) in pre-market as the stock's recent momentum pauses following a significant multi-day rally.
- The pullback follows a strong performance where the stock surged 22.69% on May 28 and 10.54% on May 27, closing at $13.58 on June 2.
- Investor sentiment was recently bolstered by news that World View secured a $4.8 million Navy contract for a maritime surveillance program.
- With no new company announcements or earnings reports, the current price action appears to be a natural cooling-off period after the contract-driven gains.