Shares of soft drinks giant Coca-Cola Co. (KO) have performed well over the past few months as the company is benefitting from the reopening of major markets. However, the stock dropped to a low of $55.20 in U.S. trading on Tuesday before recovering slightly to close at $55.41. What Led to the Sudden Slide in the KO price? Ahead of their Euro 2020 opener, football superstar Cristiano Ronaldo addressed reporters at Portugal’s pre-match press conference. Being a health fanatic, Ronaldo snubbed the Coca-Cola bottles placed in front of him, preferring water instead.
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Coca Cola (NYSE:KO)
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