LONDON (Reuters) -Ocado shares fell as much as 11% on Wednesday, with traders attributing the drop to a media report that Amazon had denied speculation it would make a bid for the British retail company.
Shares in Ocado were down 6.5% at 1430 GMT, while Amazon shares were up 1.4%.
On June 22, Ocado shares soared more than 40% after a report in the Times newspaper of possible bid interest in the online supermarket and technology group, including from Amazon.
An Amazon spokesperson repeated the company’s position on Wednesday that it had no comment on the Times report.
Ocado was not immediately available for comment when contacted by Reuters.
(Reporting by Lucy Raitano, James Davey and Joice Alves; Editing by Amanda Cooper and Jan Harvey)
