Ondas Holdings Inc. (ONDS) saw a significant pre-market surge of 5.35% on Friday, following a 15% jump on Thursday. The stock's upward movement is attributed to President Donald Trump's social media post outlining plans for a significantly increased defense budget.
The announcement has positively impacted defense-related stocks, with Ondas Holdings benefiting from the heightened investor interest in the sector. The company's options trading volume also saw a notable increase, with call options accounting for 77% of overall trades, indicating strong bullish sentiment.