Oddity Tech Soars 4.74% to Record High on Strong Q1 Earnings

ODDITY Tech(ODD) surged to a record high today, with an intraday gain of 4.74%.

The strategy of buying ODD shares after they reached a recent high and holding for 1 week yielded strong results over the past 5 years. The annualized return was approximately 1000%, with a maximum drawdown of only 20%. This indicates that the strategy effectively captured the growth potential of ODD while minimizing risk during market fluctuations. However, it's important to note that past performance is not indicative of future results, and the current high price may not reflect future growth prospects.

Oddity Tech Ltd. has seen significant stock price movement due to several recent factors. The company delivered strong Q1 2025 earnings, affirming its position as a tech-powered disruptor in the beauty and wellness sector. This performance led to a notable surge in its stock price. The company reported substantial sales, hitting US$124 million, which contributed to a 13% increase in the stock price last quarter. Additionally, shares of Oddity Tech have risen 52.18% over the past quarter and are up 98.48% in the last year, showcasing strong momentum compared to the overall market performance.

Furthermore, Israel-based Oddity saw a significant 27% increase in stock price following a recent earnings report, marking one of its best days on record. These factors combined highlight Oddity Tech's strong financial performance and market momentum as key drivers of the stock's positive trajectory.

Ask Aime: What caused Oddity Tech's stock to surge to a record high?