Is This New IPO a Better Food Stock Than Beyond Meat?
Oatly Group (NASDAQ: OTLY) is a plant-based milk company, specifically focused on oats, that went public in May. Its stock price has already gained almost 20%, going from a first-day closing price of $22 to $26 as of Wednesday morning.
Investors appear moderately confident about Oatly's prospects, but it didn't rocket higher in its first day or week of trading -- unlike, for example, fellow plant-based food company Beyond Meat (NASDAQ: BYND), which more than doubled on its IPO day. But aside from its quirky advertising, there are several reasons that Oatly should interest investors.
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Source Fool.com
