AO World reported a positive trading update yesterday triggering further share price gains. The shares are now up 25% since we positively rated them on CEO buying on 30th of July. This is what we said:

John Roberts (Founder and CEO since 2019) purchased £1,490,000 of stock at £1.69 (the trade was in his wife’s name) on the 29th of July, he had also purchased £222,000 on the 14th of July at £1.44. He has only traded twice before in the stock, selling £25 million at IPO in 2014 at £2.85 and buying £1 million of stock in 2017 at £1.30 (not particularly well timed). The latest trades are interesting given the size, the period since the last trade, the fact he is now the CEO and since they come after the shares have nearly tripled since their lows. We are ranking the stock +N.