Why ocado Is Trending Today?

Ocado, a UK-based online supermarket, saw its shares drop by 17% after its US partner, Kroger, closed two robotic warehouses they were operating together. This setback caused Ocado to miss its delivery window for the project. Meanwhile, in football, Flamengo had five players return to their squad and fielded Carrascal as a starter in their match against Fluminense. In the political sphere, the third-placed candidate in Chile's election wants the other candidates to debate on his YouTube channel. In Peru, former footballer Reimond Manco criticized Jairo Concha, stating he should not be called up to the national team due to his lack of responsibility and capability. Lastly, a Venezuelan dish, reina pepiada, a chicken and avocado-stuffed arepa, was praised for being delicious, filling, and satisfying. A nutritionist also warned about the misconception surrounding extratiernal meats found in supermarkets.

Ocado, a UK-based online supermarket, has seen its share price fluctuate significantly in recent weeks. After initially rising, the company's stock has since fallen back to its starting point, with analysts questioning the viability of its advanced robotics technology. The most recent decline, a 17% drop, was triggered by the announcement from Ocado's US partner, Kroger, that it would be closing several of their jointly operated robotic warehouses. This news has raised concerns about the future of Ocero's US expansion plans and its impact on the company's overall growth strategy.

Ocado's earnings report boosted investor confidence with improved cash flow and profitability.

Ocado's shares surged following a strong half-year performance, driven by its technology unit and a retail tie-up with Marks & Spencer. The company aims to achieve cash flow positivity by 2025/26.