Ondas Holdings Inc. is trading 8.7% down at $10.93 following the filing of a Rule 424(b)(7) resale prospectus and Form 144, which signaled a potential selling overhang from insiders and large holders.
- The pullback comes after a significant multi-day rally fueled by momentum trading and headlines surrounding recent AI-focused defense contracts.
- Investors are locking in gains amid a broader risk-off move affecting technology stocks, as the new filings suggest increased supply from existing shareholders.
- Despite the current decline, the stock remains a focal point for momentum traders following its recent contract-driven surge.