Following Monday’s disappointing trading update, Ocado chairman Michael Grade waded into the market and bought stock.
And it’s been downhill ever since.
In fact to bring things bang up to date, Ocado has just breached 100p for the first time in its short and inglorious stock market existence.
Still, at least Grade has stepped up to the plate.
What about Ocado’s other directors? Isn’t it time Tim Steiner, Andrew Brace and Jason Gissing, the wonderfully titled Director of People, Culture and Communications, took advantage of this fantastic buying opportunity?
Related links:
Ocado warns of slowing growth and rising costs – FT
Webvan faces Tesco price offensive – FT Alphaville
Celebrity knife catching with Lord Sugar – FT Alphaville