Ondas (ONDS) Trims 12% as Director Steps Down Immediately

We precocious published 10 Stocks Facing Selling Pressure Ahead of Christmas. Ondas Holdings Inc. (NASDAQ:ONDS) is 1 of the biggest losers connected Monday.

Ondas Holdings fell by 12.11 percent connected Monday to adjacent astatine $7.69 apiece arsenic investors unloaded portfolios pursuing the resignation of 1 of its committee members, effectual immediately.

In a regulatory filing connected Friday, Ondas Holdings Inc. (NASDAQ:ONDS) said that Ron Stern, who was appointed manager and lone joined the committee of directors successful January this year, stepped down from his station effectual connected Friday, December 12.

Investors took the quality successful a antagonistic airy contempt Ondas Holdings Inc.’s (NASDAQ:ONDS) announcement that the resignation was not a effect of immoderate institution disagreement.

In transportation with the resignation, the Directorship Agreement dated January 6 has besides been terminated.

Stern’s resignation followed his disposal of each his 850,000 shares successful the institution connected November 26 astatine a terms of $7.9123 for a full of $6.7 million.

In different news, Ondas Holdings Inc. (NASDAQ:ONDS) past week announced its volition to put $11 cardinal successful Drone Fight Group, a Ukrainian developer of precocious unmanned aerial systems, done its strategical advisory and concern platform, Ondas Capital.

DFG is simply a fast-scaling innovator successful high-performance unmanned systems that person been forged and refined done aggravated combat successful Ukraine. DFG’s platforms see strike-optimized FPV systems, ISR drones, autonomous ngo technologies, and cutting-edge drone simulators.

While we admit the imaginable of ONDS arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.