5 Stocks With Unbelievable Gains

In this article, we deep dive into the 5 top-performing stocks on Wednesday. For a deeper discussion and an extended list, please see 9 Stocks With Unbelievable Gains.

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5. Ondas Inc. (NASDAQ:ONDS)

Ondas Inc. saw its share prices climb by 10.54 percent on Wednesday to finish at $10.80 apiece, as investors positioned their portfolios ahead of its upcoming annual shareholders’ meeting.

According to the company, it is scheduled to hold its stockholders’ meeting on Thursday, May 28, pushing investors to load up on its shares as they await key business updates and outlook for the year.

Among the issues in focus are its planned acquisition of Omnisys Ltd., an Israeli developer of AI-powered Battle Resource Optimization software for multi-domain defense planning and real-time decision-making.

Ondas Inc. (NASDAQ:ONDS) said that the acquisition would mark a major milestone in its evolution into a software-defined defense technology company, with Omnisys’ platform expected to serve as a core orchestration layer across its growing autonomous systems portfolio, enabling mission planning, operational coordination, and real-time battlefield resource optimization across sensors, autonomous systems, and defense assets operating within complex mission environments.

In other news, Ondas Inc. (NASDAQ:ONDS) reported a strong earnings performance in the first quarter of the year, having swung to a $361 million net income from the $14 million net loss in the same period last year.

Revenues soared by 1,093 percent to $50.12 million from $4.2 million year-on-year.