Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With OTLY Stock Today?
Oatly Group AB - ADR (OTLY) stock is down -0.62% while the S&P 500 has risen 0.96% as of 12:17 PM on Thursday, Jun 2. OTLY is down -$0.03 from the previous closing price of $4.05 on volume of 1,643,109 shares. Over the past year the S&P 500 is lower by -1.47% while OTLY is down -83.98%. OTLY lost -$0.46 per share in the over the last 12 months.
More About Oatly Group AB - ADR
Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, Icecreams, among others. It caters to Sweden, Germany, United Kingdom, Netherlands, North America, Finland, and Other markets.
Click Here to get the full Stock Report for Oatly Group AB - ADR stock.
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