Coca-Cola Stock: Buy, Sell, or Hold?
With the threat of a recession receding, many stocks saw gains in the past few months. One of these worth taking a look at is blue-chip company Coca-Cola (NYSE: KO). The beverage giant hit a 52-week low on Oct. 6, but has since bounced back. Even so, shares are still off a 52-week high of $64.99 reached last April.
Does this mean Coca-Cola is a buy? Should investors who already own shares sell with the current rise in stock price, or continue to hold?
Coca-Cola's revenue experienced a rough patch during the COVID-19 pandemic lockdowns, but as these restrictions receded, the company's sales reversed course and began an upward trajectory. Now, Coca-Cola is delivering solid financial results.
Source Fool.com
