ODDITY Tech shares are trading higher after the company approved a share buyback and raised its Q2 guidance.
Portfolio Pulse from Benzinga Newsdesk
ODDITY Tech shares are trading higher after the company approved a share buyback and raised its Q2 guidance.

June 07, 2024 | 12:04 pm
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ODDITY Tech shares are trading higher following the company's approval of a share buyback and an increase in Q2 guidance.
The approval of a share buyback typically signals confidence in the company's future prospects and can reduce the number of shares outstanding, potentially increasing the stock price. Additionally, raising Q2 guidance indicates better-than-expected performance, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100