Why Oatly Stock Jumped Today
Shares of oat milk company Oatly (NASDAQ: OTLY) jumped on Monday after announcing a partnership with fast-food giant McDonald's. As of noon ET, Oatly stock was up 7%, but it had been up as much as 12% earlier in the day. According to an official press release, Oatly is partnering with McDonald's in Austria. Specifically, McDonald's McCafe will use Oatly's Barista Edition beverages -- oat milk that's foamable when warmed, just like regular milk.