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OLO - Why Olo Stock Traded Sharply Lower on Wednesday
DB Crude Oil Long Exchange Traded Notes due June 1 2038
Shares of Olo (NYSE: OLO) were trading sharply lower on Wednesday morning. The lockup expiration for early investors and insiders has arrived, meaning they are now free to sell their shares.
Olo's stock had fallen as much as 15% in early trading on Wednesday. As of 11:48 a.m. EDT today, the shares had recovered somewhat and were down 5.7% compared to Tuesday's closing price.