Why Oddity Tech Stock Is Plummeting Today
Oddity Tech's (NASDAQ: ODD) share price is getting crushed in Wednesday's daily trading session. The company's share price had plummeted 49.9% as of 3:45 p.m. ET despite a bullish backdrop for the broader market. At the same point in the day's trading, the S 500 was up 0.8%, and the Nasdaq Composite was up 1.2%.
Oddity posted its fourth-quarter results before the market opened this morning and actually reported sales and earnings beats for the period. Unfortunately, the company's forward guidance suggested a tougher road ahead for the business.
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Source Fool.com
