Coca-Cola Co’s filing revealed that its Officer Quincey James acquired Company’s shares for reported $6.38 million on Nov 07 ’24. In the deal valued at $63.80 per share,100,000 shares were bought.
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Then, QUAN NANCY sold 18,484 shares, generating $1,321,606 in total proceeds. Upon selling the shares at $71.50, the Executive Vice President now owns 223,330 shares.
Before that, Quincey James sold 42,397 shares. Coca-Cola Co shares valued at $2,968,569 were divested by the Chairman and CEO at a price of $70.02 per share. As a result of the transaction, Quincey James now holds 442,546 shares, worth roughly $28.04 million.
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 -0.88% to $63.36. Over the last five days, the stock has lost -2.69%. Coca-Cola Co shares have risen nearly 7.52% since the year began. Nevertheless, the stocks have risen 11.82% over the past one year. While a 52-week high of $73.53 was reached on 09/04/24, a 52-week low of $56.06 was recorded on 04/16/24. SMA at 50 days reached $69.38, while 200 days put it at $64.53.
Levels Of Support And Resistance For KO Stock
The 24-hour chart illustrates a support level at 63.03, which if violated will result in even more drops to 62.71. On the upside, there is a resistance level at 63.90. A further resistance level may holdings at 64.45. The Relative Strength Index (RSI) on the 14-day chart is 23.00, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.74%. Stochastics %K at 7.08% 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 2024-10-15, dropping by -8.78 million shares to a total of 31.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 40.65 million shares. There was a decline of -27.55%, which implies that there is a negative 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.
