Oddity tech stock jumps on $150M share buyback

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Oddity Tech News

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Shares of beauty company Oddity Tech (ODD) are trading higher on Friday, boosted by the company's board approval of a $150 million share buyback program...

) are trading higher on Friday, boosted by the company's board approval of a $150 million share buyback program. This move comes after Oddity Tech's decision to boost its guidance for the second quarter, fueling investor optimism.The shares are surging after the board approved a buyback programme of up to 100 and $50 million also hiked its outlook for the second quarter ending June 30th.Um, for the second quarter of 2024 of, uh uh, around 100 and $89 million it had been 185 189.

We believe odd, that's odd has ample financial flexibility to deploy this repurchase programme while investing behind its growth initiatives.TFSA: 4 Canadian Stocks to Buy and Hold Forever He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his $200 million crypto fund by his early 30s. His future is now in jeopardyZombies: Ranks of world's most debt-hobbled companies are soaring, and not all will survive

 

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