A company insider recently sold 2,512 shares of The Coca-Cola Company [KO]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Coca-Cola Company shares valued at $160,768 were sold by LOVELESS KATHY on Jul 29. At $64.00 per share, LOVELESS KATHY sold 2,512 shares. The insider’s holdings dropped to 1,370 shares worth approximately $87227.90000000001 following the completion of this transaction.


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Also, Quincey James sold 32,000 shares, netting a total of over 2,051,011 in proceeds. Following the sale of shares at $64.09 each, the insider now holds 351,737 shares.

Before that, Everson Carolyn had added 983 shares to its account. In a trade valued at $61,231, the Director bought The Coca-Cola Company shares for $62.29 each. Upon closing the transaction, the insider’s holdings increased to 983 shares, worth approximately $95505.0.

As published in a research note from DZ Bank on April 28, 2022, The Coca-Cola Company [KO] has been rated down from a Buy to a Hold and the price target has been revised to $69. This represents a 7.72% premium over Thursday’s closing price. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid February. As of February 11, 2022, UBS has reiterated its “Buy” rating for KO. Earlier on February 11, 2022, Truist resumed its rating. Their recommendation was “a Buy” for KO stock.

Analyzing KO’s Price Performance

On Thursday, The Coca-Cola Company [NYSE: KO] plunged -0.39% to $63.67. The stock’s lowest price that day was $62.92, but it reached a high of $63.73 in the same session. During the last five days, there has been a drop of approximately -0.61%. Over the course of the year, The Coca-Cola Company shares have jumped approximately 7.53%. Shares of the company reached a 52-week high of $67.20 on 04/25/22 and a 52-week low of $57.50 on 03/10/22. A 50-day SMA is recorded $62.59, while a 200-day SMA reached $60.64. Nevertheless, trading volume fell to 11.77 million shares from 11.32 million shares the previous day.

Support And Resistance Levels for The Coca-Cola Company (KO)

According to the 24-hour chart, there is a support level at 63.15, which, if violated, would cause prices to drop to 62.63. In the upper region, resistance lies at 63.96. The next price resistance is at 64.25. RSI (Relative Strength Index) is 55.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 32.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is The Coca-Cola Company subject to short interest?

Stocks of The Coca-Cola Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.7 million shares to 34.24 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 30.54 million shares. A jump of 10.81% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.13 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.13.

Which companies own the most shares of The Coca-Cola Company (KO)?

According to Berkshire Hathaway, Inc. filings, the company currently owns 400,000,000 shares, which is about 9.23% of the total KO shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 400000000.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $21,082,544,774. BlackRock Fund Advisors acquire a 0.67% interest valued at $11.3 billion while SSgA Funds Management, Inc. purchased a 1,374,105 stake. A total of 7,800,237 shares of The Coca-Cola Company were bought by Wellington Management Co. LLP during the quarter, and 1,000,542 were bought by Geode Capital Management LLC. In its current portfolio, Fidelity Management & Research Co holds 67,012,169 shares valued at $4.22 billion.

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