Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coca-Cola Co shares valued at $6,379,500 were purchased by Quincey James on Nov 07 ’24. At $63.80 per share, Quincey James acquired 100,000 shares.
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Also, QUAN NANCY sold 18,484 shares, netting a total of over 1,321,606 in proceeds. Following the sale of shares at $71.50 each, the insider now holds 223,330 shares.
Before that, Quincey James had sold 42,397 shares from its account. In a trade valued at $2,968,569, the Chairman and CEO traded Coca-Cola Co shares for $70.02 each. Upon closing the transaction, the insider’s holdings decreased to 42,397 shares, worth approximately $28.17 million.
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 -2.53%. Over the course of the year, Coca-Cola Co shares have jumped approximately 8.03%. 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 $69.72, while a 200-day SMA reached $64.49. Nevertheless, trading volume fell to 14.58 million shares from 22.9 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 63.38, which, if violated, would cause prices to drop to 63.09. In the upper region, resistance lies at 64.17. The next price resistance is at 64.67. RSI (Relative Strength Index) is 22.08 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.00, which suggests the price will decrease in the coming days. Percent R is at 93.28%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
