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An update from Ocado Group ( (GB:OCDO) ) is now available.
Ocado Group PLC has announced a change in its major holdings, with Lingotto Investment Management LLP increasing its stake in the company. The acquisition of financial instruments has resulted in Lingotto holding a total of 12.27% of voting rights, up from a previous 11.06%. This change in holdings could potentially influence Ocado’s strategic decisions and impact its market positioning, as significant stakeholders may have a greater say in company operations.
More about Ocado Group
Ocado Group PLC is a UK-based company operating in the online grocery retail industry. It is known for its innovative technology and automation solutions, primarily focusing on online grocery shopping and delivery services.
YTD Price Performance: -22.15%
Average Trading Volume: 11,606
Technical Sentiment Signal: Buy
Current Market Cap: $2.78B
For a thorough assessment of OCDO stock, go to TipRanks’ Stock Analysis page.