The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coca-Cola Co shares valued at $1,321,606 were sold by QUAN NANCY on Aug 27 ’24. At $71.50 per share, QUAN NANCY sold 18,484 shares. The insider’s holdings dropped to 223,330 shares worth approximately $15.47 million following the completion of this transaction.
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Also, Quincey James sold 42,397 shares, netting a total of over 2,968,569 in proceeds. Following the sale of shares at $70.02 each, the insider now holds 442,546 shares.
Before that, Marc J. Bolland had added 10,000 shares to its account. In a trade valued at $697,900, the Former Director bought Coca-Cola Co shares for $69.79 each.
As published in their initiating research note from Exane BNP Paribas on June 24, 2024, Coca-Cola Co [KO] has been an Outperform and the price target has been revised to $72. Analysts at Citigroup resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of November 13, 2023, Jefferies has initiated its “Hold” rating for KO. Earlier on July 14, 2023, JP Morgan resumed its rating. Their recommendation was “an Overweight” for KO stock.
Analyzing KO Stock Performance
During the last five days, there has been a drop of approximately -1.80%. Over the course of the year, Coca-Cola Co shares have jumped approximately 17.51%. Shares of the company reached a 52-week high of $73.53 on 09/04/24 and a 52-week low of $57.93 on 04/16/24. A 50-day SMA is recorded $70.42, while a 200-day SMA reached $63.71. Nevertheless, trading volume fell to 8.63 million shares from 9.04 million shares the previous day.
Support And Resistance Levels for Coca-Cola Co (KO)
According to the 24-hour chart, there is a support level at 68.85, which, if violated, would cause prices to drop to 68.46. In the upper region, resistance lies at 69.78. The next price resistance is at 70.31. RSI (Relative Strength Index) is 38.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 89.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
