Vita Coco Company (COCO) Surges 5.5%: Is This an Indication of Further Gains?

Vita Coco Company, Inc. (COCO) shares soared 5.5% in the last trading session to close at $55.77. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2% loss over the past four weeks.Vita Coco’s stock rally is an extension of its inclusion in the S&P SmallCap 600. The addition, effective March 25, is driving incremental demand from index funds and passive investors that track the benchmark, providing a near-term technical boost to th ...