Ondas (ONDS) Falls on 5th Day on Profit-Taking from Rapid Surge

Core Insights - Ondas Holdings Inc. (NASDAQ:ONDS) has experienced a significant decline, falling 8.65% to close at $9.51 after a five-day losing streak as investors take profits following a rapid surge earlier in the month [1][5] - Despite a remarkable increase of 51.5% in October, the stock's month-to-date gain has been reduced to 23% due to recent selling pressure [2] - The company has launched a new business unit, Ondas Capital, which will focus on investing in global defense and security technologies, allocating up to $150 million over the next two years [2][3] Business Developments - Ondas Capital aims to accelerate the transition of unmanned and autonomous technologies into production in the US and Europe, with investments expected to start in late 2025 [3] - The partnership with Rift Dynamics has been expanded to include Nammo Raufoss AS, focusing on the development of Wasp drones with munition payloads for exclusive sale in the US [4] - The integration of Nammo's warheads with Rift's Wasp platform is designed to create a compliant drone system that simplifies procurement and enhances cost efficiency [5]