ocado
Ocado (LON: OCDO) share price has been in a freefall after peaking at 2,910p in 2021. It has plunged to a low of 320p, as I have predictedseveral times. Its market cap has plummeted to more than £2.6 billion, down from over £13 billion. Ocado woes continueOcado Group has collapsed as investors remained concerned about its business and the rising competition in its core industries. Just early this month, the company was booted from the FTSE 100 index and was replaced by Darktrace, a firm that is being acquired by Thoma Bravo. And on Thursday, a major Canadian client announced that its deal with...
Invezz
Ocado (LON: OCDO) share price has imploded in the past few years as concerns about its revenue and profitability growth continue. It has crashed to 360p, down from its all-time high of 2,910p in 2020. Its market cap has plummeted from over £20 billion to just £2.9 billion today Ocado’s shares have plunged as investors question its joint venture with Marks and Spencer. There are signs that the relationship is not working out fine. In a recent statement, the head of MKS said that he was not happy with the JV and that there was work to do to boost sales and profitability. There are also concerns ...
Invezz
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