Why Coca-Cola Consolidated Stock Jumped This Week

Management announced a bold new stock buyback plan.Shareholders of Coca-Cola Consolidated (COKE -0.56%), the largest Coca-Cola (KO 0.67%) bottler in the country, had a great week this week. The stock gained 11% through Thursday trading compared to a 1.2% rally in the wider market, according to data provided by S&P Global Market Intelligence. That boost was just enough to put shares back in positive territory for the year, although the stock is still trailing the S&P 500's 9% increase to date in 2024.This we ...