Reuters reports that “Ocado shares fell as much as 11% on Wednesday, with traders attributing the drop to a media report that Amazon had denied speculation it would make a bid for the British retail company.
“Shares in Ocado were down 6.5% at 1430 GMT, while Amazon shares were up 1.4%.
“On June 22, Ocado shares soared more than 40% after a report in the Times newspaper of possible bid interest in the online supermarket and technology group, including from Amazon.”
KC’s View:
Best I can tell, neither Amazon nor Ocado actually have commented on all these reports. So take this stuff with a grain of salt – I always think that these stories emerge because there’s some stock analyst out there who is either bored or had way too much caffeine.
I’ve been doing this long enough to think that anything is possible.
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