Ondas Shares Drop About 6% in Risk-Off Drone Sector Selloff
Ondas shares dropped about 6% in a risk-off session that pressured high-beta drone stocks. Red Cat fell roughly 3% and the REX Drone ETF about 2%, with declines matching each name’s position on the risk spectrum rather than company-specific news. Small floats and higher discount rates can amplify swings, and Ondas has no current cash generation to buffer the move.