Why Coca-Cola Consolidated Stock Skyrocketed This Week
Investors are loving this $2.4 billion move that Coca-Cola Consolidated made.Coca-Cola Consolidated (COKE 1.20%) stock soared this week following a big financial move from the company. The bottling specialist's share price marched 15.8% higher in a stretch of trading that saw the S&P 500 nudge 0.1% higher and the Nasdaq Composite decline by 0.5%.After the market closed on Nov. 7, Coca-Cola Consolidated announced that it bought back all of its common stock that had previously been held by The Coca-Cola Compa ...