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Shares of Oatly Group (NASDAQ: OTLY) soared as much as 12% on Tuesday. There was no news from the company, so it looks like the stock is just bouncing along with the broad market recovery in small-cap growth stocks. As of 11:46 a.m. ET, the stock is up 10%.
Oatly shareholders are enjoying the bounce in high growth stocks this morning. The NASDAQ-100 Index is up 2.88% as of this writing, and the small-cap growth factor is up a whopping 3.8%. This general tailwind is likely what helped Oatly's shares go up so much today.