Why Oatly Shares Are Falling Today
Oatly Group AB (NASDAQ: OTLY) is trading significantly lower Monday after the company announced worse-than-expected third-quarter revenue results and issued guidance.
Mid-Afternoon Market Update: Telos Falls After Q3 Results; Creative Realities Shares Spike Higher
Toward the end of trading Monday, the Dow traded down 0.05% to 36,082.17 while the NASDAQ fell 0.35% to 15,806.01. The S&P also fell, dropping 0.11% to 4,677.64.
Mid-Day Market Update: Nasdaq Turns Lower; Casper Sleep Shares Jump
Midway through trading Monday, the Dow traded up 0.05% to 36,117.49 while the NASDAQ fell 0.29% to 15,815.61. The S&P also fell, dropping 0.06% to 4,679.81.
41 Stocks Moving In Monday’s Mid-Day Session
Gainers
Casper Sleep Inc. (NYSE: CSPR) shares climbed 87.1% to $6.64 after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.
Watching Oatly Shares; Spruce Point Capital Tweets ‘We believe when demand for $OTLY #oat #milk starts to wane, it’s on to the next food innovator for #Starbucks $SBUX Tests Alt-Milk From Unicorn Startup Perfect Day via @business’
https://www.bloomberg.com/news/articles/2021-11-09/starbucks-tests-alt-milk-from-unicorn-startup-perfect-day
‘We believe $OTLY #OATLY is a way worse business than $BYND Beyond Meat. Oatly is going to blow away over $1.5bn on capex…’ -Tweet From Short Seller Spruce Point Capital
https://twitter.com/sprucepointcap/status/1458809506020966412
‘$STKL launching its SOWN #oat #milk more into retail distribution, expect over 3,500 locations by year end. Adding a new flavor to SKU and will have 4 choices. Negative $OTLY’ -Tweet From Short Seller Spruce Point Captail
https://twitter.com/sprucepointcap/status/1458443988944424963
Can This Company Create a New Industry Category by Helping People Snack Better Before Bed?
Research indicates that over 85% of adults snack at night, and the most popular options are cookies, chips, candy, and ice cream. Nightfood (OTC: NGTF), a producer of healthy nighttime snacks formulated by sleep experts, believes it is pioneering a new market category.
Where Oatly Group Stands With Analysts
Within the last quarter, Oatly Group (NASDAQ:OTLY) has observed the following analyst ratings:
