Ondas Holdings Inc. (ONDS) surged 7.53% during Friday's trading session, continuing its upward momentum from a 15% gain on Thursday. The stock's rally aligns with a broader surge in defense-related stocks.
The movement is attributed to President Donald Trump's social media post proposing a $1.5 trillion defense budget for 2027, a significant increase from previous discussions. This announcement has reignited investor interest in defense stocks, with Ondas Holdings benefiting from the sector-wide optimism. The company's options trading volume also spiked, with call options accounting for 77% of total trades, reflecting strong bullish sentiment.
Analysts note that the market's reaction underscores the sensitivity of defense stocks to policy shifts, particularly under the incoming administration. Ondas Holdings' performance highlights its positioning as a key player in the sector.