Shares of Coca-Cola Company (The) (KO) Sees Large Outflow of Money

Coca-Cola Company (The) (KO) : Wednesdays money flow analysis of Coca-Cola Company (The) (KO) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $12.16 million. In comparison, the inflow of money on upticks was a meager $4.85 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.31 million. The uptick to downtick ratio of 0.4 in the money flow shows weakness. The downtick transaction value was high at $8.35 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($8.35 million). Coca-Cola Company (The) (KO) gained $0.01 at $45.64, a change of 0.02% over the previous days close.


Also, Equity Analysts at the Goldman Sachs maintains the rating on Coca-Cola Company (The) (NYSE:KO). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $47 per share to $45 per share. The rating by the firm was issued on June 29, 2016.

Coca-Cola Company (The) (NYSE:KO): The stock opened at $45.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.77 for the day. The stock traded down to $45.39 during the day, due to lack of any buying support eventually closed down at $45.51 with a loss of -0.26% for the day. The stock had closed at $45.63 on the previous day. The total traded volume was 8,478,211 shares.

The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 1.38%. In a related news, The Securities and Exchange Commission has divulged that Douglas J Alexander Jr, officer (Executive Vice President) of Coca Cola Co, had unloaded 572,748 shares at an average price of $45.25 in a transaction dated on June 20, 2016. The total value of the transaction was worth $25,916,847.

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. It owns and markets a range of nonalcoholic sparkling beverage brands, such as Coca-Cola, Diet Coke, Fanta and Sprite. The Company makes its beverage products available to consumers throughout the world through its network of Company-owned or controlled bottling and distribution operations, as well as independent bottling partners, distributors, wholesalers and retailers. The Companys segments include Eurasia and Africa, Europe, Latin America, North America, Asia Pacific, Bottling Investments and Corporate.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.