ODDITY Tech shares are trading lower after multiple firms initiated coverage on the stock and announced their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
ODDITY Tech shares are trading lower after several firms initiated coverage on the stock and announced their respective price targets.
August 14, 2023 | 5:01 pm
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NEGATIVE IMPACT
ODDITY Tech's stock price is falling after multiple firms initiated coverage and set their price targets.
The initiation of coverage by multiple firms usually brings attention to the stock. However, if the price targets set by these firms are lower than the current trading price, it can lead to a sell-off, causing the stock price to drop. This seems to be the case for ODDITY Tech.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100