Coca-Cola Co’s recently made public 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.
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 $23.16 million.
Jefferies upgraded its Coca-Cola Co [KO] rating to a Buy from a a Hold in a research note published on January 30, 2025; the price target was increased to $75 from $69. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who remained covering the stock and in late January has reiterated a ‘”an Overweight”‘ rating for it. TD Cowen also remained covering KO and has increased its forecast on January 08, 2025 with a “Buy” recommendation from previously “Hold” rating. Piper Sandler started covering the stock on January 07, 2025. It rated KO as “an Overweight”.
Price Performance Review of KO
On Tuesday, Coca-Cola Co [NYSE:KO] saw its stock jump 4.73% to $67.60. Over the last five days, the stock has gained 7.87%. Coca-Cola Co shares have risen nearly 8.58% since the year began. Nevertheless, the stocks have risen 12.99% over the past one year. While a 52-week high of $73.53 was reached on 02/11/25, a 52-week low of $57.93 was recorded on 01/07/25. SMA at 50 days reached $62.76, while 200 days put it at $65.40.
Levels Of Support And Resistance For KO Stock
The 24-hour chart illustrates a support level at 66.78, which if violated will result in even more drops to 65.97. On the upside, there is a resistance level at 68.04. A further resistance level may holdings at 68.49. The Relative Strength Index (RSI) on the 14-day chart is 72.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.11%. Stochastics %K at 93.52% indicates the stock is a selling.
How much short interest is there in Coca-Cola Co?
A steep rise in short interest was recorded in Coca-Cola Co stocks on 2025-01-15, dropping by -1.28 million shares to a total of 33.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 34.77 million shares. There was a decline of -3.81%, which implies that there is a negative sentiment for the stock.
