Ondas Inc. (NASDAQ:ONDS) is one of the 11 stocks racking up monster gains.
Ondas extended its winning streak for a third straight day on Thursday, rising 22.7 percent to finish at $13.25 apiece, as investors took heart from Oppenheimer’s reaffirmed bullish rating on its shares.
In a market note, Oppenheimer maintained his “buy” rating and $16 price target on Ondas Inc. (NASDAQ:ONDS) shares, or an implied upside potential of 20.7 percent from its last closing price.
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The coverage coincided with Ondas Inc.’s (NASDAQ:ONDS) annual shareholder meeting held on the same day, where all of the company’s resolutions were said to have gained shareholder approval, including the amendment to the 2021 Stock Incentive Plan, which would increase the number of shares to 81 million from the current 61 million.
“It all happened. It was a public event. Grateful for the shareholder support. We have a lot of hard work ahead of us. We will present an 8k (presentation) later, of course,” said Eric Brock, CEO of Ondas Inc. (NASDAQ:ONDS), in a social media post after the event.
In other news, the company told the Securities and Exchange Commission the same day that certain shareholders have expressed their intention to sell more than 2.7 million shares of the company. Sellers are expected to make sales on the Nasdaq from time to time.
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