Oatly Group AB Stock Soars 14.77% on Reverse Split Announcement
Generated by AI AgentAinvest Movers Radar
Monday, Mar 24, 2025 8:05 am ET1min read
OTLY--
Oatly Group Ab's stock price surged 14.77% in pre-market trading on March 24, 2025, indicating a significant bullish sentiment among investors.
Oatly Group AB has announced a 1-for-20 reverse stock split, which will take effect from February 18, 2025. This move is aimed at increasing the stock's price per share, which could attract more investors and potentially stabilize the stock.
Institutional investors hold a substantial 68.2% of Oatly Group's shares, while company insiders hold 1.7%. This strong institutional ownership suggests confidence in the company's long-term prospects, which could further boost investor sentiment.
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