AEVEX Corp (NYSE:AVEX) shares are plunging Wednesday. The stock is cooling off after an explosive post‑IPO surge, with traders taking profits and momentum fading after two straight sessions of outsized gains.

AEVEX stock is showing notable weakness. What’s weighing on AVEX shares?

Early IPO Euphoria Starts To Unwind

After debuting at $20 and immediately ripping more than 35% on day one, followed by another 30–40% surge in early trading this week.

Yesterday's rally was fueled by traders leaning into the war‑tech momentum theme, with Aevex benefiting from strong risk appetite and attention on newly listed defense names. The company's $320 million IPO, which included a 30‑day underwriter option for an additional 2.4 million shares, helped set the stage for elevated volatility, and that volatility is now cutting the other way.

Aevex’s early trading behavior which included big intraday swings, rapid spikes ...