Velo3D Stock Is Surging Thursday: What's Driving The Action?

benzinga_article
2026.06.11 15:13
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Velo3D (NASDAQ: VELO) shares surged over 32% on Thursday, driven by a new strategic partnership with Aurelia Technologies for additive manufacturing in gas turbine systems and broader risk-on sentiment favoring high-beta small-cap stocks. The deal focuses on feasibility and material development to reduce costs and lead times. Technically, the stock is trading above key moving averages but faces resistance at $21.50, with momentum indicators suggesting cooling upside pressure despite the constructive long-term trend.