Massive Sell-Offs Just Hit These 10 Stocks Today

5. Oddity Tech Ltd. (NASDAQ:ODD)

Oddity Tech dropped for a second straight day on Tuesday, losing 14.16 percent to close at $60.16 apiece following its chief executive officer’s disposal of a significant stake in the company.

According to Oddity Tech Ltd. (NASDAQ:ODD), its CEO, Oran Holtzman, disposed of shares in the company to improve the trading liquidity of the stock. He added that he plans to maintain control in the firm, holding approximately 23 percent of ownership.

He added that he entered into a one-year lock-up agreement, indicating that he had no intentions of selling additional shares.

The sell-off was executed under Rule 144 of the Securities Act of 1933.

Oddity Tech Ltd. (NASDAQ:ODD) is a consumer technology company that builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries.