Ouster, Inc. is trading 4% down at $43.36, giving back a portion of Monday’s sharp gains as the stock enters a period of consolidation.
- The stock previously jumped between 13.5% and 16.6% following news of an expanded Benchmark partnership to scale Rev8 lidar production and bullish valuation commentary.
- Today's pullback is characterized as profit-taking following a very strong multi-day run for the lidar manufacturer.
- With broader market indices trading mixed, the move appears to be stock-specific rather than driven by macroeconomic factors.