The Crowd Is Selling Coca-Cola. Here's Why I'd Be Buying the Dip.
Coca-Cola stock has dropped about 5% over the past week.
Overview
Over the past week or so, a significant number of investors have been selling off shares of Coca-Cola (NYSE: KO). On June 10, Coca-Cola shares were trading at $83.59 per share, but since then, the stock price has fallen about 5% to around $79.29 per share.
It is a bit of a head scratcher because there really has been no direct action or company catalyst that led to the sell-off. In fact, the stock has performed well year to date, up about 13% even after the sell-off.
Details
Two factors likely contributed to Coca-Cola's stock price dropping.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.