U.S. markets were closed on Friday for Juneteenth, the American holiday marking the end of slavery. On Thursday, Wall Street ended higher, with the Dow Jones up 0.1%, the S&P 500 up 1.1% and the Nasdaq rising 1.9%.
Among Israeli or Israel-linked stocks, Oddity Tech stood out with a 19.1% jump on Thursday without any company announcement. It finished the week above $13 for the first time since early June. Oddity, led by Oren Holtzman and known for beauty-tech products including IL MAKIAGE, had fallen sharply after its first-quarter report on June 1, but has since rebounded 32.8% from that low. Even so, the stock is still 55% below its February level and 83.1% under its June 2025 peak. The company says it has been hurt in recent months by a major disruption at its main advertising partner, Instagram, after an algorithm change raised customer-acquisition costs. Oddity’s market value now stands at $603 million. According to The Wall Street Journal data, 11 firms cover the stock, eight with neutral ratings and the rest negative, with target prices ranging from $8 to $15.
Amdocs fell 6.3% on Thursday to a more than six-year low, back near the price seen at the start of the COVID-19 pandemic. The stock is down 47.9% from its peak three years ago, when it neared $100, and ended the week valuing the company at about $5.5 billion. The telecom and media software company, now led by new CEO Shmuel Hortig, recently cut about 10% of its workforce, including, by estimates, hundreds of employees in Israel. There was no company news last week to explain the weakness. Seeking Alpha said Amdocs has AI opportunities that are not yet reflected in its valuation, while Simply Wall Street pointed to bearish technical signals. Of seven analysts tracked by The Wall Street Journal, five are positive, one neutral and one negative, with an average target 64.5% above the Nasdaq price.
REE, the electric-vehicle platform developer led by co-founder Daniel Barel, plunged 33.7% on Thursday and briefly fell to a market value of under $7 million. The stock later recovered partially in after-hours trading. REE went public on Wall Street less than five years ago at a $3.1 billion valuation. The company warned last year that it had substantial doubt about its ability to continue as a going concern, and in late 2025 said its cash would last only until the second quarter of 2026 without new financing. That warning also appeared in its 2025 results, published last month. REE reported a 2025 net loss of $55.8 million, smaller than the nearly $112 million loss in 2024, but cash burn remained high at $68.7 million, similar to 2024. As of early May, it held just $4.9 million in cash and said it was still reviewing ways to preserve liquidity and maximize shareholder value, including further cost cuts and strategic alternatives. Last week, the only filing was a small insider sale of about $4,000, at an average price of roughly 42 cents a share, compared with 23 cents on Thursday.
