Why Oatly's Stock Is Trading Lower Wednesday

Oatly Group OTLY shares are trading lower by 8.8% at $17.37 after Spruce Point Capital issued further bearish commentary on the stock:

Among a series of tweets aimed at Oatly, Spruce Point's Twitter noted Wednesday: "Things that make you go...hmmm #OATLY $OTLY will report earnings on Aug 16th, the absolute last day possible they must file with the SEC. Loads of academic research points to companies pushing off bad news, and pulling fwd good news."

Oatly Group is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat and ice creams. Oatly caters to Sweden, Germany, United Kingdom, Netherlands, North America, and Finland.

Oatly has a 52-week high of $29 and a 52-week low of $17.04.

Loading...
Loading...
OTLY Logo
OTLYOatly Group AB
$11.02-0.72%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
14.83
Growth
3.72
Quality
Not Available
Value
34.45
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...