Coca-Cola (KO) Volatility Higher on Block Trade into New 52-Week High
Tweet
Share
E-mailGet Alerts KO Hot Sheet
Join SI Premium – FREE
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).
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Dataram (DRAM) call put ratio 2.2 calls to 1 put on active option volume of 270K contracts
- Ross Stores (ROST) 5700 contracts of August 185 puts trade
- T-Mobile (TMUS) call put ratio 2.8 calls to 1 put with a focus on July 195 calls
Create E-mail Alert Related Categories
Insiders' Blog, OptionsRelated Entities
OptionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
