Coca-Cola Co’s filing revealed that its Chairman and CEO Quincey James unloaded Company’s shares for reported $6.4 million on Nov 08 ’24. In the deal valued at $64.03 per share,100,000 shares were sold. As a result of this transaction, Quincey James now holds 342,546 shares worth roughly $21.19 million.
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Then, Quincey James bought 100,000 shares, generating $6,379,500 in total proceeds.
Before that, QUAN NANCY sold 18,484 shares. Coca-Cola Co shares valued at $1,321,606 were divested by the Executive Vice President at a price of $71.50 per share. As a result of the transaction, QUAN NANCY now holds 223,330 shares, worth roughly $13.82 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 jump 0.19% to $61.86. Over the last five days, the stock has lost -2.37%. Coca-Cola Co shares have risen nearly 4.97% since the year began. Nevertheless, the stocks have risen 8.24% over the past one year. While a 52-week high of $73.53 was reached on 09/04/24, a 52-week low of $56.70 was recorded on 04/16/24. SMA at 50 days reached $68.43, while 200 days put it at $64.59.
Levels Of Support And Resistance For KO Stock
The 24-hour chart illustrates a support level at 61.57, which if violated will result in even more drops to 61.27. On the upside, there is a resistance level at 62.15. A further resistance level may holdings at 62.43. The Relative Strength Index (RSI) on the 14-day chart is 19.34, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.86%. Stochastics %K at 6.12% 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 2024-10-31, dropping by -3.13 million shares to a total of 30.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 33.95 million shares. There was a decline of -10.17%, 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.
