Velocity shares surge 20.71% after-hours as Tom Maxwell expands role as CRO for both brands.

Velocity surged 20.71% in after-hours trading following the announcement that Tom Maxwell, its chief revenue officer, has assumed an expanded role as CRO at Classic Recreations. The move aligns sales strategies between the two brands, emphasizing growth, customer-focused processes, and Maxwell’s proven leadership in driving sales and production volume. With order books extending into 2027, the news reinforced confidence in the company’s growth trajectory and operational synergy. Other news events, including regulatory velocity discussions, Lam Research’s leadership changes, and unrelated industry reports, were deemed irrelevant to Velocity’s core business. The CEO’s endorsement of Maxwell’s role and the press release’s emphasis on unified growth directly supported the stock’s upward movement.