The Dow Jones industrial average has rallied out of a sell-off late last year and is up 11% since the start of 2019. While many Dow stocks are up by double-digit percentages for the year, Coca-Cola Co. (NYSE: KO) is down 5%.
Most of the damage was done to Coke’s stock during the past few days. Shares collapsed over 8% on February 14, just after the company posted its most recent earnings. As is sometimes the case with stocks crushed after they report, Coke announced that it had met expectations. However, as it looked forward, its view was well below what Wall Street had expected.
Management characterized earnings as “Strong Results for Fourt…
24/7 Wall St.