Oddity Tech drops following Hamas attack on Israel

Oddity Tech

09/10/2023 14:36

** Shares of online cosmetics retailer Oddity Tech Ltd
 ODD.O  down 4.2% at $28.41 early Mon, after Palestinian
Islamist group Hamas stages the most devastating attack on
Israel in decades
    ** Israel has mobilized reservists as signs point toward
ground offensive to defeat Hamas
    ** Oddity's R&D center is in its headquarters in Tel Aviv,
where co's tech leadership is based, and it recruits talent from
the Israeli Defense Force
    ** With move on the session, ODD shares down ~19% from Jul
IPO price of $35
    ** U.S.-listed shares of Israeli firms also slide on Mon
along with cyber security cos with exposure to the country

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))