NEW YORK--(BUSINESS WIRE)--May 11, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Oddity Tech Ltd. (“Oddity” or the “Company”) (NASDAQ: ODD) and reminds investors of the May 11, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260511664885/en/
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) due to an algorithm change by Oddity’s largest advertising partner, Oddity’s advertisements were being diverted to lower quality auctions at abnormally high costs; (2) the foregoing significantly increased Oddity’s customer acquisition costs, thereby negatively impacting Oddity’s business and financial prospects; (3) accordingly, Defendants overstated the overall strength, stability, and sustainability of Oddity’s digital operating model and/or market position; and (4) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On February 25, 2026, Oddity reported its full year 2025 financial results, disclosing that Oddity "experienced a dislocation in our account with our largest advertising partner that we believe was driven by algorithm changes which diverted us to lower quality auctions at abnormally high costs. This is resulting in significant increases in new user acquisition costs that are not correlated with the market or our historical experience."
On this news, the price of Oddity stock fell more than 49%.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Oddity’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Oddity Tech class action, go to www.faruqilaw.com/ODD or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
ODD CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Oddity Tech (ODD) Investors of Securities Class Action Deadline on May 11, 2026
NEW YORK (AP) — Oil prices are rising Monday as the war with Iran threatens to drag on for longer, but the U.S. stock market is nevertheless inching toward more records.
The price for a barrel of Brent crude oil climbed 2.9% to $104.18 after President Donald Trump said the U.S.-Iran ceasefire was on “life support” after he rejected Iran's latest proposal to end their war. The rejection raises the stakes for Trump’s trip this week to China, where he could urge President Xi Jinping to pressure Iran into making concessions. Xi has leverage because China is the biggest buyer of Iran’s sanctioned crude oil.
The war has already sent the price for a barrel of Brent up from roughly $70 and delivered a blast of painful inflation through the global economy. That’s because it has shut the Strait of Hormuz and kept oil tankers stuck in the Persian Gulf instead of delivering crude to customers worldwide.
Still, the U.S. stock market has been setting records recently on hopes that the war will not keep oil prices high for very long. U.S. companies are meanwhile producing even bigger profits than analysts expected, while signals suggest the U.S. economy is holding up even though households are feeling discouraged by expensive gasoline and tariffs.
On Wall Street, the S&P 500 rose 0.3% from its record set Friday. The Dow Jones Industrial Average was up 7 points, or 0.1%, as of noon Eastern time, and the Nasdaq composite was 0.3% higher and on track to set its own all-time high.
Mosaic helped drag on the market after the fertilizer company reported much weaker results for the latest quarter than analysts expected. The company is benefiting from higher prices for its products, but it’s also contending with much higher prices for sulfur and other raw materials because of logistics snarls created by the war with Iran.
Mosaic’s stock fell 2.1%, and more stocks within the S&P 500 sank than rose.
Stocks of companies whose customers have the least cushion to absorb higher gasoline prices struggled, and Dollar General fell 6.4%. Businesses with big fuel bills likewise had some of the market's sharpest losses, including drops of 4.9% for Carnival and 3.3% for Southwest Airlines.
Helping to offset that was Fox, which rose 1.3% after reporting stronger profit and revenue for the latest quarter than analysts expected.
More than four out of every five companies in the S&P 500 index that have reported their results for the latest quarter so far have topped profit expectations, and they're on track to deliver overall growth of nearly 28%, according to FactSet. If that turns out to be the case, it would be the best growth since the end of 2021.
Outside of earnings reports, Beazer Homes USA soared 32.7% after Dream Finders Homes offered to buy it in a deal valuing it at roughly $704 million. A combination would create the country’s seventh-largest homebuilder, and Dream Finders is asking Beazer’s shareholders to push its management and board to OK the deal after making several attempts itself.
Dream Finders added 0.8%.
Tech stocks were also strong, continuing their big run amid big spending in the boom around artificial-intelligence technology. Gains of 3% for Nvidia and 6.5% for Micron Technology were two of the strongest forces pushing upward on the S&P 500.
In stock markets abroad, indexes were mixed across Europe and Asia. France’s CAC 40 fell 0.8%, and South Korea’s Kospi soared 4.3% for two of the world’s bigger moves
In the bond market, Treasury yields held relatively steady. The 10-year yield edged up to 4.39% from 4.38% late Friday.
Yields have moderated a bit this month, but they remain well above where they were before the war began. Higher yields can raise rates for mortgages and other kinds of loans going to U.S. households and businesses, which in turn can slow the economy. Higher yields also tend to push downward on prices for stocks and other kinds of investments.
A report on Monday said the pace of sales for previously occupied U.S. homes was weaker last month than economists expected.
AP Business Writers Chan Ho-him and Matt Ott contributed to this report.
The South Korean-operated vessel HMM NAMU is docked after being damaged from a fire following an explosion in the Strait of Hormuz, at a port in Dubai, United Arab Emirates, Friday, May 8, 2026. (Kim Sang-hun/Yonhap via AP)
Options trader Justin Kanda works on the floor of the New York Stock Exchange, Thursday, May 7, 2026. (AP Photo/Richard Drew)
People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
People work and rest near an electronic stock board showing Japan's Nikkei index in an office building Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A man sweeps in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
People stand in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
