Coca-Cola (KO) Volatility Higher on Block Trade into New 52-Week High
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The Coca-Cola Co. (NYSE: KO) shares are seeing increased volatility as the stock moves through a new 52-week high on a large block trade at $77.00.
Implied volatility for the soda and snacks giant is up 8.7 percent, though its currently in-line with its historical average over the last year.
Shares are up 1.7 percent on the session.
At 2:00pm EDT, a block trade of about 470,000 shares pushed Coca-Cola shares above $77 to its high of $77.15.
Yesterday, the company announced Board approval for a two-for-one split as well as strong numbers coming from rival PepsiCo (NYSE: PEP) (though Pepsi's outlook was a little light).
Implied volatility for the soda and snacks giant is up 8.7 percent, though its currently in-line with its historical average over the last year.
Shares are up 1.7 percent on the session.
At 2:00pm EDT, a block trade of about 470,000 shares pushed Coca-Cola shares above $77 to its high of $77.15.
Yesterday, the company announced Board approval for a two-for-one split as well as strong numbers coming from rival PepsiCo (NYSE: PEP) (though Pepsi's outlook was a little light).
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