1
KO stock price closed at $60.20 while witnessing a rise of 0.35% during the last intraday session.
2
Coca-Cola’s share price (NYSE: KO) has slipped below the 50 and 200 moving averages.
Coca-Cola’s (NYSE: KO) share price bottomed out in July after declining from an annual high of $65. The price drop halted forming a low of $58.8 and bottomed out to surge higher.
The pre-earnings sentiments of the stock were positive which took to a high at $63.27. However, the post-results sentiments were totally against and the beverage giant faced a price decline due to profit booking.
The quarterly results were optimistic and turned out to be better than the expectations of Wall Street. Despite this, the price experienced a decline. The company reported a revenue of $11.966 Billion and $0.78 Billion as earnings beat the estimates by 8%.
Source: barchart.com
KO stock derivatives data states that the current implied volatility in the market is 14.1% with a decr
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