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When I see a FTSE 250 stock rise by 30% in just over two weeks, I take notice.
After all, companies listed in the UK’s mid-cap index are generally fairly large and well established. If their share prices suddenly shoot up, it’s often a sign of strong trading and upgraded profit forecasts.
The top FTSE 250 riser in July (so far!)
Ocado (LSE: OCDO) is a good example. The retail technology specialist’s share price rose by around 10% on Tuesday 16 July, after the company said it expects to generate more underlying cash flow than expected this year (before various expenses).
Ocado shares are now up by 30% so far in July at the time of writing, making it the index’s best performer this month.
The shares are still a long way below their pandemic high. But to me, it looks like things might now be moving in the right direction for Ocado.
Should I consider buying some…
