- Ocado Group
- 29 May 2024 16:01:09
Source: Sharecast
That's according to indicative data released by FTSE Russell on Wednesday. Every three months, changes in constituents' market caps mean the FTSE UK Index Series have to be recalculated.
The latest predictions are based on share prices on 24 May, though the actual reshuffle will be conducted using data from the close of play on 4 June, with final changes to be announced the following day.
Dan Coatsworth, investment analyst at AJ Bell, said in an email that Ocado, which has fallen by more than 50% since the start of 2024, is "one of the most Marmite names on the UK stock market".
"Ocado is no stranger to going in and out of the FTSE 100 and once again it looks set to move down a floor to the mid-cap FTSE 250 index. [...] investors either love or hate the quasi grocery/technology group and some even change their mind on a daily or weekly basis," he said.
On the upside, cybersecurity firm Darktrace has soared more than 71% over the year to date, giving it a market cap of £4.1bn, while housebuilder Vistry has gained 38% to be valued at £4.2bn after being the best performing housebuilder on the FTSE 250 this year.