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Ocado Group (OTCMKTS:OCDDY) Shares Gap Down - Should You Sell?

Ocado Group logo with Retail/Wholesale background

Key Points

  • Ocado Group's stock price experienced a significant gap down, opening at $5.98 after closing at $6.28.
  • The company's 50-day and 200-day simple moving averages are $8.56 and $7.53, respectively, indicating a downward trend.
  • Ocado Group operates as an online grocery retailer with three main segments: Technology Solutions, Ocado Logistics, and Ocado Retail.
  • MarketBeat previews the top five stocks to own by October 1st.

Ocado Group (OTCMKTS:OCDDY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.28, but opened at $5.98. Ocado Group shares last traded at $6.02, with a volume of 4,724 shares traded.

Ocado Group Stock Performance

The firm's 50-day simple moving average is $8.56 and its 200-day simple moving average is $7.53.

About Ocado Group

(Get Free Report)

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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