Why Oatly Stock Jumped 16% in May
Shares of Oatly (NASDAQ: OTLY) jumped last month as the alternative-dairy company reported solid first-quarter earnings and benefited from the market rally at the end of the month.
As a high-growth, high-priced stock, Oatly's movements tend to track with some other growth names that have gotten hit hard in recent months but surged at the end of May. According to data from S&P Global Market Intelligence, the stock finished the month up 16%.
Image source: Oatly.
Source Fool.com