🔴 OUST is trading 11% down today on profit-taking after post-earnings rally

OUST is trading at $26.16 (-11.01%) on a pullback following yesterday's post-earnings rally.

• The company reported Q1 revenue of $48.6M (49% YoY growth), which initially drove shares to a close of $29.39 on May 6.
• Today's decline lacks a clear catalyst and appears driven by profit-taking after the recent run-up from $25.54 on April 29.
• The move comes amid mixed market conditions, with the S&P 500 down 0.09% and the Nasdaq up 0.26%.