30 May 2024 - share tip
Shares in Ocado may be worth a look following yesterday's fall of 50.25p to 360p. The shares have bounced off 345p four times in the last 6 weeks and had risen to 410p before yesterday. At the start of 2024, the share price was around 730p and so the shares have pretty much halved this year. The company remains loss-making and the shares are due to be relegated from the FTSE 100 at the next quarterly review next month. Companies that suffer this fate often see a bounce in the share price . . .
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