Oddity Tech is a company that makes things. They told everyone how much money they made in the last three months of the year and how many things they sold. But they didn't make as much money or sell as many things as people thought they would. This made some people sad, so the price of Oddity Tech's shares went down a lot before the market opens today. Other big companies like Ross Stores also had their share prices go down after telling everyone how they did in the last three months of the year too. Read from source...
1. The title of the article is misleading and sensationalized. It suggests that Oddity Tech is one of the "big stocks" moving lower, but it only fell by 10.4% in pre-market trading, which is not a significant drop compared to other companies mentioned in the article, such as Ross Stores, Inc., which fell by 4.1%.
Negative
Summary:
Oddity Tech Ltd. reported worse-than-expected fourth-quarter EPS results and issued FY24 EPS guidance below estimates. The company’s quarterly sales also came in lower than expected. As a result, the stock fell sharply in pre-market trading, joining other big losers like Ross Stores Inc.