Coca-Cola Target of Unusually Large Options Trading (KO)
Shares of Coca-Cola (NYSE:KO) was the target of unusually large options trading activity on Tuesday. Traders purchased 16,348 call options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 142% compared to the average volume of 6,767 call options.
A number of research firms have recently commented on KO. Analysts at TheStreet reiterated a “buy” rating on shares of Coca-Cola in a research note to investors on Sunday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.92.
Coca-Cola (NYSE:KO) traded up 1.63% during mid-day trading on Tuesday, hitting $39.92. The stock had a trading volume of 17,578,970 shares. Coca-Cola has a 1-year low of $36.54 and a 1-year high of $43.43. The stock has a 50-day moving average of $40.05 and a 200-day moving average of $39.51. The company has a market cap of $176.3 billion and a price-to-earnings ratio of 20.36.
The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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