Why Oatly Stock Was Sinking This Week

For alt-milk products specialist Oatly Group (OTLY -2.77%), the weekend likely can't come fast enough. The company's stock was having a rough time on the market; according to data compiled by S&P Global Market Intelligence, it had fallen 13% in price week to date as of early Friday morning. It seems investors are concerned about the strategic direction the company is taking.Goodbye SingaporeOn Wednesday, Oatly announced the closure of a company-owned production facility in Singapore. This is the latest impl ...