(Finance) – The stock moves up Coca Cola which advances by 0.68%.
The beverage group has raised the coupon and plans to restart with buybacks this year. In fact, the board approved a quarterly dividend of 44 cents per share, up 4.8% compared to the previous coupon. Coca-Cola also said it expects a share buyback of around 500 million in 2022, after it had not made any buybacks in 2021.
The stock analysis performed on a weekly basis highlights the uptrendline of the American giant of the most famous drink in the world more pronounced than the trend of Dow Jones. This expresses the greater attractiveness of the stock on the part of the market.
The short-term technical status of Coca Cola highlights a broadening of the positive performance of the curve with the first resistance area identified at USD 62.74. Risk of possible correction up to the target 62.17. Expectations are for an increase in the uptrendline towards the 63.32 resistance area.