Coca-Cola’s share is on track to re-approach the critical level of 32.8 euros, exceeding the psychological limit of 32 euros.
More specifically, the listed company’s stock rose by almost 2% on Wednesday, returning to 32.2 euros (June high).
This means that it is only 2% short of the “peaks” of the previous 4 years (32.8 euros), and close to pre-pandemic levels.
The rise, however, was not combined with a “strong” trading turnover.
20% rise in 2024
Coca-Cola’s stock, in any case, has been in positive momentum lately, having shown resilience to the wider volatility of the market.
Somehow, the change in 2024 exceeds 20%, recording a significantly higher performance compared to the General Index (+12%).
The capitalization of the company, however, has recovered to the limits of 12 billion euros, making it the most valuable company in the entire stock market.
