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Ocado Shares Close at a 52-Week High

Ocado Group shares closed at 356.4p on Tuesday, their highest level in 52 weeks, after a 6.6% gain on the session that took the stock to a 51.0% rise for the year.

Ocado Group (LON: OCDO), the online grocer, closed at 356.4p on Tuesday, its highest level in 52 weeks. The shares finished the session on their high.

The shares rose 6.6%, trading between 338.4p and 356.4p, on volume in line with the 20-session average. The session ran 18.0p from low to high, and the close finished at the top of that range. The company is valued at £2.77bn.

Line chart of Ocado's daily close over the month to 10 November, with the latest session marked as a jump to a new high
Ocado’s daily close over the month to Tuesday 10 November, with Tuesday’s jump to a 52-week high marked.

How unusual this is

The previous 52-week high was 355.0p, and Tuesday’s close clears it by 1.4p. The close is 123.9% above the 52-week low, and the shares are up 51.0% since the start of the year.

OCDO.LSE
Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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