🔴 Ouster, Inc. is trading 6.5% down, selling off despite new product launch

Ouster, Inc. is trading 6.5% down at $36.00 in pre-market, in an apparent "sell the news" reaction or continued profit-taking that is overshadowing a positive company announcement.

• The company today announced the release of Ouster BlueCity, a complete traffic management solution powered by its new Rev8 digital lidar, featuring a 500-foot detection range and native color capabilities.
• The City of Stamford, CT, is the first to deploy the new system, enabling advanced, long-range detection for comprehensive traffic management.
• The decline comes amid broader pressure on high-growth tech stocks as the market remains cautious ahead of the key U.S. CPI data release scheduled for today.