Is it time to buy some of this year’s worst-performing growth stocks? That’s a question that Barchart content partner The Motley Fool recently posed. And if you happen to be talking about Oatly (OTLY), a Swedish food company specializing in oat-based alternatives to dairy products, then yes, it’s possible that it could be an acquisitive opportunity.
Stop right there. If you don’t know Oatly, the first thing you’ll probably do is to pull up its price chart. And at that point, you’ll realize that we’re talking about a literal penny stock. Granted, it stormed over 42% higher in the trailing five sessions from last Friday but still. Given the terrible losses the speculative enterprise incurred, the robust percentage gains only took OTLY stock to 82 cents.
