🔴 Xos is trading 5.7% down in pre-market after profit-taking from UL 2202 certification rally

Xos is trading 5.7% down at $3.30 after recent extreme volatility and profit-taking following its UL 2202 certification.

• Certification, announced August 19, covers the company’s mobile and stationary charging systems.
• Shares rose 28.28% on August 20 before falling 5.91% on August 21.
• Q2 revenue weakness, reduced FY2026 guidance, and broader futures weakness remain additional overhangs.