01-07-2021, 09:18 AM
(01-07-2021, 09:16 AM)DividendGarden Wrote:(01-07-2021, 07:11 AM)NilesMike Wrote: I don't understand the drop now, we are closer to re-opening things than we have been. I think the drop is way overdone, when the economy re-opens, Coca-Cola will be there as it always has.
There were three analyst downgrades of KO over the last few days, which is what caused the stock to drop. It's crazy that a few analysts can move a stock 10% in three days.
I stand corrected - there was a fourth downgrade this morning. Of course, knowing what I know now, I wouldn't be surprised if their companies were short KO and needed to buy some shares.