Xos Inc is trading 11.8% down today at $4.18 as traders continue to sell following last week’s extreme spike and dilutive equity raise.
- The stock has slid below the recent $5.50 registered direct offering price after a 200%+ rally tied to its new 2.5MWh Power Hub data-center energy storage pivot.
- Momentum is now sharply reversing as investors reassess valuation and dilution risk.