Ocado Shares Plummet to 12-Year Low Amid Kroger Review Uncertainty

Ocado Group Plc shares have dropped to a 12-year low as investors await the outcome of a strategic review by US partner Kroger Co. The stock has fallen 4.4% to 199.2 pence, reducing Ocado's market value to about £1.6 billion. Analysts are divided on the stock, with eight rating it a buy or hold and four saying sell. Ocado has struggled to convince investors that its capital-intensive technology is worth the cost, and Kroger's review of its e-commerce business is "nearly complete".