Ouster, Inc. is trading at $38.46 (-5.93%) following a sharp pullback and short-term consolidation after a significant multi-day rally.
- The recent uptrend was driven by a combination of analyst upgrades, growing enthusiasm for lidar demand, and momentum from defense contracts.
- Broader market weakness is adding further pressure, with the Nasdaq Composite down 0.70%, impacting high-beta growth names like Ouster, Inc.