Shares of Coca-Cola Co. KO inched 0.68% higher to $54.61 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's second consecutive day of gains. Coca-Cola Co. closed $2.95 below its 52-week high ($57.56), which the company reached on July 21st.
The stock underperformed when compared to some of its competitors Thursday, as Nestle S.A. ADR NSRGY rose 1.04% to $124.20, PepsiCo Inc. PEP rose 0.80% to $159.26, and Danone S.A. ADR DANOY rose 1.30% to $13.41. Trading volume (13.7 M) eclipsed its 50-day average volume of 13.4 M.