New York, June 28, 2026, 10:01 (EDT)
- Ondas Inc. NASDAQ:ONDS dropped 15.5% for the week, closing at $7.83. The Nasdaq Composite slipped 4.6%. The Russell 2000 added 1%.
- The stock is set to join the Russell 3000 on Monday, after Nasdaq’s closing auction hit a record for Russell reconstitution volume.
- A filing on June 26 registered 3.38 million acquisition shares for resale, or about 0.64% of Ondas’ total shares as of June 25.
U.S. stock markets are closed Sunday, with the Nasdaq opening again Monday at 9:30 a.m. EDT. This week ends early, as the market will close on Friday, July 3, for the observed Independence Day holiday. Ondas Inc. NASDAQ:ONDS gets four sessions to see if last week’s late surge came from index buying, real interest, or maybe both.
Ondas ended Friday at $7.83, up 2.02% for the session. Trading volume hit 121.7 million shares, StockAnalysis data showed. The stock dropped from $9.27 at the close on June 18, which was the last session before the Juneteenth holiday, to $7.83 on Friday.
The decline outpaced the main benchmarks. The Nasdaq Composite dropped 4.6% last week, S&P 500 was down 2%, and the Russell 2000 was up 1%, AP market data showed. Ondas sank even after new defense deals and a Russell 3000 inclusion.
Ondas landed in the Russell 3000 Index under Industrials, according to FTSE Russell’s final additions list, with the changes set after Friday’s close. Closing Cross at Nasdaq Inc. NASDAQ:NDAQ moved 4.59 billion shares and $334.03 billion on the day of the Russell reconstitution, topping auction records.
Steven DeSanctis, an equity strategist at Jefferies, said before the rebalance it could turn into a “really massive trade.” Melissa Roberts at Stephens called it a “key liquidity day.” Reuters
Ondas filed a prospectus supplement Friday for resale by selling stockholders of as many as 3,378,084 shares. The bulk—3,285,696 shares—are from the Omnisys deal, with another 92,388 shares tied to the World View acquisition. Supply is the cleaner investor read here.
At the end of trading Friday, the registered block came in at about $26.5 million. That’s a small slice of the company’s outstanding shares as of June 25—526.54 million—but compared to typical trading once Russell flows drop off, it’s not insignificant. The block was 2.8% of Friday’s turnover, and about 5.4% of Ondas’ average volume over the past 10 sessions.
Ondas filed to set terms on how shares might be sold, but it’s not raising money with this move. The company said it won’t get any proceeds from shares sold by these stockholders. There’s also a restriction for Omnisys holders, who can’t sell more in a day than 15% of the average daily volume from the last 10 sessions.
The 15% cap comes to roughly 9.4 million shares a day, based on the last 10 trading days through Friday. That tops the Omnisys registered block. But the real test is if volume drops back to the 50 million to 80 million share levels from earlier this week.
Ondas Inc. NASDAQ:ONDS landed over $40 million in new June orders for its autonomous defense systems, the company said June 22. Total orders so far this quarter topped $150 million. “Counter-UAS has become an urgent priority,” CEO Eric Brock said. Ondas Inc.
Ondas’ Sentrycs unit said it’s working with Lockheed Martin Corp. NYSE:LMT to put Sentrycs’ Cyber-over-RF tech into Lockheed’s Sanctum counter-drone system. Lockheed’s Matt Bahnemann, senior manager for program management, described Sanctum as a “modular, open Counter-UAS architecture.” Ondas Inc.
Russell addition hits on Monday’s open. The key will be what Ondas does after, when the tape shows if buyers step in like they do for a new index name, or if the stock just churns through acquisition shares ahead of the July 3 freeze.
