Coca Cola Co Daily Price Recap
Coca Cola Co came into today up 0.55% ($0.26) from the open of yesterday, marking the 3rd day in a row it has gone up. The change in price came along side change in volume that was up 2.03% from previous day, but down 22.55% from the Thursday of last week. Let’s take a look at the daily price chart of Coca Cola Co.
Coca Cola Co Technical Analysis
Coming into today the current price of Coca Cola Co is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Coca Cola Co’s price has gone down 8 them.
Overheard Around the Web
Here’s what one trader on StockTwits recently had to say in regards to KO:
$KO Coca-Cola Confronted by Big Problem in its Second Largest Market. For Once, Political Connections Failed. Oct 1 is the Date
That threat is the Mexican government’s junk food label law. Passed in October 2019 and scheduled to come into effect on October 1 this year, the law requires all food packages with contents high in sugar, sodium or saturated fat to carry clear health warnings on the front.
A similar labeling law was passed in Chile in 2016. The new legislation included the world’s strictest limits on how and where food companies can advertise junk food to children. It worked like a dream — and was a nightmare for the companies affected: Over the next two years, sugary drink sales plunged by 23%.
So successful was the experiment that almost a dozen countries, including Mexico, are interested in replicating it.