Shares of Ocado Group plc (OTCMKTS:OCDGF – Get Free Report) shot up 16.1% during trading on Monday . The stock traded as high as $2.8920 and last traded at $2.8920. Approximately 506 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,631 shares. The stock had previously closed at $2.49.
Ocado Group Stock Performance
The business’s fifty day moving average price is $2.53 and its two-hundred day moving average price is $2.72.
About Ocado Group
Ocado Group (OTCMKTS:OCDGF) is a UK-based technology-driven online grocery retailer and solutions provider. The company operates Ocado.com, an e-commerce grocery business offering a full range of fresh and ambient food products directly to consumers. Alongside its retail operations, Ocado Group has developed a suite of proprietary software and automation technologies—ranging from warehouse robotics and artificial intelligence to dynamic routing and order fulfillment systems—which it licenses to international retail partners under the Ocado Smart Platform.
Founded in 2000 by three former Goldman Sachs bankers, Ocado Group initially disrupted the UK grocery market with its home-delivery model.
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