Ocado Group shares slip 2.01% in rough market session
Updated
Updated · MarketWatch · May 7
Ocado Group shares slip 2.01% in rough market session
8 articles · Updated · MarketWatch · May 7
The stock closed at £1.97 on Thursday as the FTSE 100 fell 1.55% to 10,276.95 and trading volume reached 1.4 million shares.
Ocado underperformed the broader market during a weak session for UK equities, extending pressure on the online grocery technology group's shares.
The close left the stock 50.38% below its 52-week high of £3.98, reached on 11 August, while volume stayed well below its 50-day average of 3.8 million.
Despite huge losses and layoffs, why do some analysts predict a tech giant could acquire Ocado for billions?
As its giant warehouses fail in North America, can Ocado's pivot to smaller in-store robots revive its fortunes?