---
title: "Weekly Recap | ONDG.US -14.29%, defence orders top $270m"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301457673.md"
description: "ONDG.US fell 14.29% this week, closing Friday at $1.775, against a 1.15% rise for the S&P 500 — an underperformance of about 15.44 percentage points. The week followed a one-way slide: Monday opened at $2.300 and touched a high of $2.325, then the daily range moved lower through Thursday when the price broke below $2, before Friday printed a low of $1.730 and settled near the bottom of its 60-day range. Weekly amplitude was 25.87%, with average daily volume around 3."
datetime: "2026-10-10T04:37:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301457673.md)
  - [en](https://longbridge.com/en/news/301457673.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301457673.md)
generator: "portal-rs"
---

# Weekly Recap | ONDG.US -14.29%, defence orders top $270m

## The Week

ONDG.US fell 14.29% this week, closing Friday at $1.775, against a 1.15% rise for the S&P 500 — an underperformance of about 15.44 percentage points. The week followed a one-way slide: Monday opened at $2.300 and touched a high of $2.325, then the daily range moved lower through Thursday when the price broke below $2, before Friday printed a low of $1.730 and settled near the bottom of its 60-day range. Weekly amplitude was 25.87%, with average daily volume around 3.13m shares, roughly in line with the 60-day median.

## Sector News

Ondas’ autonomous defence business dominated the news flow. From Monday, the company disclosed a $56m order for safe-and-arm devices for a European loitering munition programme, and Citizens initiated coverage with a Market Outperform rating and a $14 price target. On Wednesday, Ondas said new orders since the last update had exceeded $165m; by Friday, the total had moved past $270m. At the same time, Ondas appeared on lists of the most shorted stocks on Wall Street, and some reports flagged it as a short-squeeze candidate. The ETF moved lower through the week without any visible sector-driven support.

## The Week Ahead

Attention shifts back to US macro data next week. Tuesday brings the NFIB Small Business Optimism Index and existing home sales; Wednesday is the key day, with CPI and core CPI releases. The market expects monthly and yearly headline CPI to edge up, with core CPI seen at 2.5% year on year. For a leveraged ETF with large daily swings, those prints matter mainly through rate expectations and discount pressure on growth assets.

## In Short

The week paired a steady stream of order and coverage updates with a falling price. The autonomous defence order pipeline advanced from over $165m to above $270m, and a new buy-rated coverage was added, yet none of it reversed the slide. The latest trading day’s flow data showed large-lot money as a net seller relative to smaller orders. The unlock is earnings and CPI: whether the ETF stabilises around the low or extends lower will depend on order delivery and next week’s inflation data.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [ONDG.US](https://longbridge.com/en/quote/ONDG.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**