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High-flyers AO World and Premier Foods stumble

Do investors suddenly have reason to doubt the shares' surging momentum?
High-flyers AO World and Premier Foods stumble
  • Trading updates spark share price falls
  • Companies have benefited from the multiple lockdown effect

As of last Friday, online retailer AO World (AO) and cake maker Premier Foods (PFD) were the best performing stocks in the FTSE All-Share on a one-year basis, having risen 342 and 182 per cent, respectively.

But shares in both companies fell this week, after separate trading updates left investors wondering whether momentum might be about to stall. The price action also pointed to the market’s struggles to separate post-pandemic winners from losers once lockdown measures eventually end.

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