Coca-Cola Co’s recent filing unveils that its Officer Douglas Monica Howard acquired Company’s shares for reported $0.7 million on Nov 22 ’24. In the deal valued at $63.65 per share,10,950 shares were bought.
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Then, Douglas Monica Howard sold 10,950 shares, generating $697,673 in total proceeds. Upon selling the shares at $63.71, the Executive Vice President now owns 22,688 shares.
Before that, Quincey James sold 100,000 shares. Coca-Cola Co shares valued at $6,403,040 were divested by the Chairman and CEO at a price of $64.03 per share. As a result of the transaction, Quincey James now holds 342,546 shares, worth roughly $21.72 million.
Deutsche Bank upgraded its Coca-Cola Co [KO] rating to a Buy from a a Hold in a research note published on December 12, 2024; the price target was increased to $70 from $68. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Citigroup also remained covering KO and reiterated its “Buy” recommendation on January 17, 2024. Jefferies started covering the stock on November 13, 2023. It rated KO as “a Hold”.
Price Performance Review of KO
On Tuesday, Coca-Cola Co [NYSE:KO] saw its stock jump 1.36% to $63.40. Over the last five days, the stock has gained 0.78%. Coca-Cola Co shares have risen nearly 7.59% since the year began. Nevertheless, the stocks have risen 8.19% over the past one year. While a 52-week high of $73.53 was reached on 09/04/24, a 52-week low of $57.47 was recorded on 04/16/24. SMA at 50 days reached $65.26, while 200 days put it at $64.92.
Levels Of Support And Resistance For KO Stock
The 24-hour chart illustrates a support level at 62.63, which if violated will result in even more drops to 61.86. On the upside, there is a resistance level at 63.86. A further resistance level may holdings at 64.32. The Relative Strength Index (RSI) on the 14-day chart is 47.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.36%. Stochastics %K at 37.26% indicates the stock is a holding.
How much short interest is there in Coca-Cola Co?
A steep rise in short interest was recorded in Coca-Cola Co stocks on 2024-11-29, dropping by -2.38 million shares to a total of 28.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 30.82 million shares. There was a decline of -8.36%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 14, 2023 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $67.
