Shares of Ocado Group plc (LON:OCDO – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 281 ($3.56) and last traded at GBX 281 ($3.56), with a volume of 7466535 shares trading hands. The stock had previously closed at GBX 290.40 ($3.68).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. dropped their price objective on shares of Ocado Group from GBX 600 ($7.61) to GBX 350 ($4.44) and set a “neutral” rating on the stock in a report on Monday, May 13th.
Ocado Group Stock Up 1.0 %
Insider Buying and Selling at Ocado Group
In related news, insider Richard N. (Rick) Haythornthwaite acquired 27,320 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was bought at an average price of GBX 366 ($4.64) per share, for a total transaction of £99,991.20 ($126,844.09). In the last three months, insiders acquired 27,445 shares of company stock valued at $10,044,278. 29.51% of the stock is owned by insiders.
Ocado Group Company Profile
Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.
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