Why Oatly Stock Soared 12% Today

Shares of Oatly Group (NASDAQ: OTLY) soared as much as 12% on Tuesday. There was no news from the company, so it looks like the stock is just bouncing along with the broad market recovery in small-cap growth stocks. As of 11:46 a.m. ET, the stock is up 10%.

Oatly shareholders are enjoying the bounce in high growth stocks this morning. The NASDAQ-100 Index is up 2.88% as of this writing, and the small-cap growth factor is up a whopping 3.8%. This general tailwind is likely what helped Oatly's shares go up so much today. 

Image source: Getty Images.

Continue reading

Source Fool.com