Coca-Cola stock price hits a fresh 52-week high as PepsiCo price cuts sharpen focus on demand
Coca-Cola shares rose nearly 2% Tuesday, briefly hitting a 52-week high of $77.50, even as U.S. stocks broadly declined. The move comes ahead of the company’s Feb. 10 earnings report, as investors weigh price hikes and competitor PepsiCo’s decision to cut snack prices by up to 15%.