Why Oddity Tech Ltd. (ODD) Declined on Tuesday
From Yahoo Finance: 2025-05-14 08:06:00
Wall Street indices ended mixed as April’s inflation rate came in lower than expected. Consumer Price Index rose by 0.2% last month, with an annual inflation rate of 2.3%, the lowest since February 2021. S&P 500 and Nasdaq gained, while Dow Jones fell by 0.64%. 10 firms experienced sell-offs due to negative news.
Oddity Tech Ltd. (NASDAQ:ODD) dropped 14.16% after CEO Oran Holtzman sold a significant stake. Holtzman aims to improve stock liquidity, maintaining control with 23% ownership. He entered a one-year lock-up agreement, signaling no further share sales. The sell-off was executed under Rule 144 of the Securities Act of 1933.
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