Ocado's Removal from FTSE 100 Looms Over 45% Stock Drop

Tuesday, 28 May 2024, 21:01

FTSE Russell announced that Ocado, currently valued at £3.4bn, is facing relegation from the FTSE 100 index due to a drastic 45% decline in stock value this year. The decision will be finalized in the upcoming June reshuffle, marking an end to the company's six-year tenure in the prestigious index.

https://store.livarava.com/b129a77b-1d3b-11ef-a3dc-9d5fa15a64d8.jpg — Ocado's Removal from FTSE 100 Looms Over 45% Stock Drop

Ocado's Removal from FTSE 100

Global index provider FTSE Russell has indicated that Ocado, valued at £3.4bn, is set to be removed from the FTSE 100 during the June reshuffle due to a significant downturn in its stock value.

45% Plunge in Stock Value

The company's stock has plummeted by 45% this year, raising concerns regarding its continued inclusion in the index.

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