Why Oatly Stock Tumbled This Week

The stock plunged early in the week and its earnings report didn't help. According to data from S&P Global Market Intelligence, the stock was down 17.9% for the week as of 3:18 p.m. ET on Friday. Shares of Oatly Group (OTLY 2.23%), a maker of oat-based foods and beverages, were taking a dive this week after the company reported middling results and as a rally the previous week leading into the earnings report faded. Oatly still needs to prove itself Oatly stock fell sharply in the first two trading days of ...