Ondas (ONDS) stock rebounds in premarket after J Capital report rattles investors
Ondas Inc shares rose 4.7% to $8.88 in premarket trading Friday after plunging over 25% since Tuesday. The rebound follows a bearish J Capital report criticizing Ondas’ reliance on share offerings and questioning its growth prospects. CEO Eric Brock sold $4.6 million in shares on Dec. 31. Ondas recently announced a new Asia-Pacific defense contract and its planned acquisition of UK-based Rotron Aero.