Ondas Holdings shares climbed 5.2% in late trading after the market close, outperforming most drone-sector peers. This surge contrasted with a 1.7% decline in AeroVironment stock as investors awaited its Q3 earnings release.

The rally in Ondas stock coincided with crude oil prices retreating from recent highs near $120 per barrel, reinforcing momentum in technology and defense names. Investors interpreted the oil pullback as easing cost pressures and boosting sentiment for drone-related businesses.