Why Oatly Stock Is Skyrocketing Today
Oatly (NASDAQ: OTLY) stock is seeing explosive gains in Thursday's trading. The oat-based beverage and snack specialist's share price was up 27.3% as of 3:30 p.m. ET and had been up as much as 33.3% earlier in the day's trading.Oatly's huge valuation gains today come on the heels of big sell-offs for the stock yesterday. The big rebound in today's trading appears driven by positive media coverage, a recent filing with the Securities and Exchange Commission (SEC), and investors betting on upward volatility after yesterday's post-earnings sell-off.Before the market opened yesterday, Oatly published its fourth-quarter results. Sales and earnings for the period came in below Wall Street's targets, helping to spur a dramatic sell-off for the stock. The beverage specialist's share price closed out the day down roughly 34%.Continue reading
Oatly (NASDAQ: OTLY) stock is seeing explosive gains in Thursday's trading. The oat-based beverage and snack specialist's share price was up 27.3% as of 3:30 p.m. ET and had been up as much as 33.3% earlier in the day's trading.
Oatly's huge valuation gains today come on the heels of big sell-offs for the stock yesterday. The big rebound in today's trading appears driven by positive media coverage, a recent filing with the Securities and Exchange Commission (SEC), and investors betting on upward volatility after yesterday's post-earnings sell-off.
Before the market opened yesterday, Oatly published its fourth-quarter results. Sales and earnings for the period came in below Wall Street's targets, helping to spur a dramatic sell-off for the stock. The beverage specialist's share price closed out the day down roughly 34%.
