Ocado slipped c.10% yesterday. While there was no company specific news, this sell-off can be attributed to many factors: 1. Triggered by a broader sell-off in tech stocks after disappointing outlooks from chipmaker AMS (the Austrian chipmaker) and Logitech International (Swiss computer parts manufacturer). Investors might also have become nervous as tech-giant Amazon will be announcing its earnings results this week. 2. Weak overall sentiment about European (and British) stocks, led by compa
24 Oct 2018
Stock price slumps 10%; attractive entry point for mid-term investment
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Stock price slumps 10%; attractive entry point for mid-term investment
Ocado Group PLC (OCDO:LON) | 349 -9.8 (-0.8%) | Mkt Cap: 2,893m
- Published:
24 Oct 2018 -
Author:
Nishant Choudhary -
Pages:
2
Ocado slipped c.10% yesterday. While there was no company specific news, this sell-off can be attributed to many factors: 1. Triggered by a broader sell-off in tech stocks after disappointing outlooks from chipmaker AMS (the Austrian chipmaker) and Logitech International (Swiss computer parts manufacturer). Investors might also have become nervous as tech-giant Amazon will be announcing its earnings results this week. 2. Weak overall sentiment about European (and British) stocks, led by compa