• Xos Inc. is trading at $3.30 (5.7% down) today, continuing a period of weakness.
  • The decline follows a recent registered direct stock offering in early June, which saw shares tumble over 28%.
  • The stock also faces profit-taking amidst a broader market rally, with major indices showing a risk-on move today, and a lack of new immediate catalysts following its Q1 earnings beat and recent Power Hub launch and $3M order.