Why Oatly Stock Lost 11% in December
Shares of Oatly Group (NASDAQ: OTLY) were sliding last month; as analysts continued to sour on the oat milk company, it became one of many broken IPOs in 2021. According to data from S&P Global Market Intelligence, the stock fell 11% in November.
As you can see from the chart below, the stock was volatile throughout December, but it never recovered from a downgrade early in the month.
Source Fool.com