Coca-Cola Stock Outlook: Correction Followed By Rewards – Forbes

Coca-Cola Stock Outlook: Correction Followed By Rewards – Forbes


Coca-Cola stock (NYSE: KO) increased almost 10% in the last 3 months and currently trades at $49 per share. The rise was driven by expectations of improved consumer spending and demand as lockdowns are gradually being lifted. But will the company’s stock continue its upward trajectory over the coming weeks, or is a correction in the stock more likely?

According to the Trefis Machine Learning Engine, which identifies trends in a company’s stock price data for the last 20 years, returns for Coca-Cola stock average -1% in the next three-month (63 trading days) period after experiencing a 10% rise over the previous three-month (63 trading days) period. Notably, though, the stock is likely to underperform the S&P500 over the next three months (63 trading days), with an expected excess return of –1% compared to the S&P500.

But how would these numbers change if you are interested in holding Coca-Cola stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Source…