Vancouver Sun

▶ C oca- Cola stock hits record high


Coca- Cola Co. shares are trading at record prices for the fi rst time in more than 16 years as investors seeking safety in large, stable stocks disregard the company’s recent struggles. The world’s largest soft- drink maker set all- time intraday records three days this week, including a new record of $ 44.87 US Friday in New York. Before this week, Coca- Cola’s last record was on July 15, 1998, when the stock reached $ 44.47, adjusted for a subsequent split. “Investors have seen that Coke’s back is against the wall,” Ali Dibadj, a New York- based analyst at Sanford C. Bernstein & Co., said in an interview. “People believe they will be able to do things diff erently, and cut costs in particular.”

Newspapers in English

Newspapers from Canada