Recent IPO Stocks Of The Week Astera Labs (ALAB) and Reddit (RDDT) set more record highs the past week, while Birkenstock (BIRK) is near a new buy point.
But Atour Lifestyle (ATAT) and Oddity Tech (ODD) triggered sell signals.
All of these stocks are featured on Investor's Business Daily's IPO Leaders screen.
↑ XAstera hit a new high the past week, trading as high as 147.36. Shares are sharply extended above a 100.09 high-handle entry on a consolidation that started in late March, soon after the new issue began trading.
Astera Labs makes connectivity chips for cloud and artificial intelligence data centers. Astera's products are focused on high-speed data transfer and overall system bandwidth expansion in data center computing systems. Its products address critical bottlenecks in AI infrastructure.
Reddit also set record highs, topping out Thursday at 182.20. The stock has logged a huge advance past a 69.11 buy point in a daily chart's cup with handle, according to IBD MarketSurge analysis.
Reddit, founded in 2005, operates one of the world's largest and most active online message-board websites. The Reddit platform hosts a stockpile of 1 billion cumulative posts across 100,000 active communities, according to Reddit's IPO filing.
In recent weeks, Birkenstock, the German maker of popular sandals and shoes, surged up the right side of a new base.
Now, a handle shows a buy point at 62.45.
The IBD Stock Checkup shows that Birkenstock stock boasts a near-perfect 98 IBD Composite Rating.
Atour Lifestyle again topped a 29.15 buy point the past week, but shares are fell as much as 7% below the entry Friday, which triggers a sell rule.
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According to the company, Atour was the largest upper-midscale hotel chain in China in terms of room numbers as of the end of 2023.
Oddity triggered a sell signal from a 50.36 buy point in a consolidation that spans back to December 2023. Now, shares are threatening to breach support around their 10-week moving average line.
Oddity uses algorithms and machine-learning models to deliver precise cosmetics-product matches to customers. It operates the direct-to-consumer beauty brand Il Makiage and SpoiledChild, a wellness brand.
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on the Dow Jones Industrial Average and the stock market today.
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