Ondas Holdings ( (ONDS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Ondas Holdings shares climbed after the company announced a deal to acquire UK-based Rotron Aero, a specialist in long-range autonomous unmanned platforms and one-way attack systems. Investors appear to be betting that integrating Rotron’s defense-focused technology into Ondas’ existing systems will strengthen its position in high-demand military and contested-environment applications. The cash-and-stock transaction, which is still subject to regulatory and other approvals, is seen as a strategic move to scale Ondas’ capabilities and tap new growth opportunities in advanced drone and defense markets.
More about Ondas Holdings
YTD Price Performance: 6.15%
Average Trading Volume: 103,024,063
Technical Sentiment Signal: Buy
Current Market Cap: $4.38B
For further insights into ONDS stock on TipRanks’ Stock Analysis page.
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