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Up 7% in 1 Month, Is Coca-Cola Stock About to Hit a New All-Time High?

TheMotleyFool

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Up 7% in 1 Month, Is Coca-Cola Stock About to Hit a New All-Time High?: https://g.foolcdn.com/editorial/images/777025/gettyimages-1284684092-1201x800-5b2df79.jpg

The S 500 and Nasdaq Composite are both up a little over 1% in the last month. Meanwhile, the consumer staples sector is up over 4% during that time, and Coca-Cola (NYSE: KO) has been a big part of that sector gain. Coke's stock price is up 7.4% in just the last month. The move has Coke trading within a couple of percentage points of its all-time high of $64.99 a share set back on April 24, 2023.

Here's why Coca-Cola has what it takes to hit a new all-time high, and why the dividend stock is worth buying now.

Image source: Getty Images.

Source Fool.com

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