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The main purpose of this paper is to investigate the global well-posedness and orbital stability of odd periodic traveling waves for the -equation in the Sobolev space of periodic functions with zero mean. We establish new results on the global well-posedness of weak solutions by combining a semigroup approach with energy estimates. As a consequence, we prove the orbital stability of odd periodic waves by applying a Morse index theorem to the constrained linearized operator defined in the Sobolev space with the zero mean property.

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