Xos is trading 11.6% up at $2.94 as broad risk-on sentiment continues to lift high-beta small caps in a supportive macro environment.
- The move follows an 11% after-hours gain on August 4, 2026, extending a strong short-term rally despite a lack of new company-specific news.
- Traders appear to be extending momentum as equity futures trend higher, favoring high-beta names in the current market backdrop.