In a filing, Coca-Cola Co revealed its Executive Vice President QUAN NANCY unloaded Company’s shares for reported $1.32 million on Aug 27 ’24. In the deal valued at $71.50 per share,18,484 shares were sold. As a result of this transaction, QUAN NANCY now holds 223,330 shares worth roughly $15.41 million.
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Then, Quincey James sold 42,397 shares, generating $2,968,569 in total proceeds. Upon selling the shares at $70.02, the Chairman and CEO now owns 442,546 shares.
Before that, Marc J. Bolland bought 10,000 shares. Coca-Cola Co shares valued at $697,900 were divested by the Former Director at a price of $69.79 per share.
Exane BNP Paribas initiated its Coca-Cola Co [KO] rating to an Outperform in a research note published on June 24, 2024; the price target was $72. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Jefferies began covering KO with “Hold” recommendation on November 13, 2023. JP Morgan maintained its rating on July 14, 2023. It rated KO as “an Overweight”.
Price Performance Review of KO
On Monday, Coca-Cola Co [NYSE:KO] saw its stock fall -1.65% to $69.01. Over the last five days, the stock has lost -3.97%. Coca-Cola Co shares have risen nearly 17.11% since the year began. Nevertheless, the stocks have risen 31.75% over the past one year. While a 52-week high of $73.53 was reached on 09/04/24, a 52-week low of $51.55 was recorded on 04/16/24. SMA at 50 days reached $70.28, while 200 days put it at $63.54.
Levels Of Support And Resistance For KO Stock
The 24-hour chart illustrates a support level at 68.55, which if violated will result in even more drops to 68.10. On the upside, there is a resistance level at 69.78. A further resistance level may holdings at 70.56. The Relative Strength Index (RSI) on the 14-day chart is 34.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.39%. Stochastics %K at 10.35% indicates the stock is a buying.
How much short interest is there in Coca-Cola Co?
A steep rise in short interest was recorded in Coca-Cola Co stocks on 2024-09-13, growing by 4.3 million shares to a total of 40.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 36.35 million shares. There was a rise of 10.58%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 17, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $68 price target.
