Why this former FTSE 250 stock fell 76% in 2021

Why this former FTSE 250 stock fell 76% in 2021

Why this former FTSE 250 stock fell 76% in 2021 AO World (LSE:AO) saw its share price drop by 76% in 2021. So what caused this former FTSE 250 incumbent’s share price to drop so significantly? Let’s take a closer look. AO World demoted from FTSE 250 index AO World is a retail company specialising in electrical goods and appliances for the home. These appliances include TVs, washing machines, fridge freezers, dishwashers, and more. It operates in two key markets, the UK and Germany. Once sold, AO picks and packs goods at its warehouse facility before delivering them through its own in-house delivery business as well as other logistics partners. When the pandemic began in 2020, many consumers were unable to spend money on leisure activities and holidays. This meant …
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