Why Oddity Tech Ltd. (ODD) Declined on Tuesday

We precocious published an nonfiction titled Massive Sell-Offs Just Hit These 10 Stocks Today. In this article, we are going to instrumentality a look astatine wherever Oddity Tech Ltd. (NASDAQ:ODD) stands against the different stocks.

Wall Street’s main indices finished mixed connected Tuesday, arsenic investors digested the country’s latest ostentation figures, which came retired little than expected.

On Tuesday, the Labor Department reported that the Consumer Price Index for April roseate by lone 0.2 percent past month, bringing the yearly ostentation complaint to 2.3 percent, versus the 2.4 percent successful March. It was the lowest yearly complaint since February 2021.

Only the S&P 500 and the tech-heavy Nasdaq registered gains among each large indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, connected the different hand, was down by 0.64 percent.

Beyond the main indices, 10 firms lagged successful show amid antagonistic news, sparking sell-offs.

To travel up with the list, we considered lone the stocks with a $2-billion marketplace capitalization and $5-million trading volume.

A close-up of a customer's hands selecting quality products from an online retailer.

Oddity Tech Ltd. (NASDAQ:ODD) dropped for a 2nd consecutive time connected Tuesday, losing 14.16 percent to adjacent astatine $60.16 apiece pursuing its main enforcement officer’s disposal of a important involvement successful the company.

According to Oddity Tech Ltd. (NASDAQ:ODD), its CEO, Oran Holtzman, disposed of shares successful the institution to amended the trading liquidity of the stock. He added that helium plans to support power successful the firm, holding astir 23 percent of ownership.

He added that helium entered into a one-year lock-up agreement, indicating that helium had nary intentions of selling further shares.

The sell-off was executed nether Rule 144 of the Securities Act of 1933.

Oddity Tech Ltd. (NASDAQ:ODD) is simply a user exertion institution that builds and scales digital-first brands to disrupt the offline-dominated quality and wellness industries.

Overall ODD ranks 5th connected our database of Tuesday's worst performers. While we admit the imaginable of ODD arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than ODD but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.