$Coca-Cola(KO)$ I have owned stock in Coke for decades. We are close to the price where Coke will do a split. The company always wants to keep its stock affordable for everyone, so expect that by the middle of September.
KO approaching levels that historically shows splits tend to happen:
8/13/12 - Stock price of approx. $78 just prior to a 2-1 split
5/13/96 - stock price of approx. $81 just prior to a 2-1 split
5/12/92 - stock price of approx. $81 just prior to a 2-1 split
5/14/90 - stock price of approx. $75 just prior to a 2-1 split
7/1/86 - stock price of approx. $116 just prior to a 3-1 split
If history repeats itself, a split could follow suite if the stock price moves higher to the upper 70s although I suppose they could do one now/very soon. The ultimate question becomes, does KO make it to the upper 70s prior to a major stock correction or recession? Only time will tell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments