• Return to Headlines

Recent 52-Week Low Surpassed in Shares of Coca-Cola Co/The (KO)

By Shiri Gupta

Shares of Coca-Cola Co/The (NYSE:KO) traded today at $36.70, breaking its 52-week low. This new low was reached on below average trading volume as 3.5 million shares traded hands, while the average 30-day volume is approximately 18.8 million shares.

Coca-Cola Co/The share prices have moved between a 52-week high of $60.13 and the current low of $36.70 and are currently at $37.19 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has slid 0.3%.

The Coca-Cola Company manufactures, markets, and distributes soft drink concentrates and syrups. The Company also distributes and markets juice and juice-drink products. Coca-Cola distributes its products to retailers and wholesalers in the United States and internationally.

Potential upside of 33.7% exists for Coca-Cola Co/The, based on a current level of $37.19 and analysts' average consensus price target of $49.73. The stock should run into initial resistance at its 200-day moving average (MA) of $53.96 and subsequent resistance at its 50-day MA of $55.61.

SmarTrend recommended that its subscribers protect gains by selling shares of Coca-Cola Co/The on February 26th, 2020 by issuing a Downtrend alert when the shares were trading at $57.97. Since that call, shares of Coca-Cola Co/The have fallen 33.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows coca-cola co/the

Ticker(s): KO