Coca-Cola Enterprises (CCE) : Traders are bullish on Coca-Cola Enterprises (CCE) as it has outperformed the S&P 500 by a margin of 2.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.45% in the last 1 week, and is up 9.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Coca-Cola Enterprises (NYSE:CCE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.09 and $37.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.25, notching a gain of 0.47% for the day. The total traded volume was 1,682,800 . The stock had closed at $38.07 on the previous day.
The stock has recorded a 20-day Moving Average of 6.45% and the 50-Day Moving Average is 3.03%. Coca-Cola European Partners Plc is up 3.27% in the last 3-month period. Year-to-Date the stock performance stands at 9.37%.
Coca-Cola Enterprises, Inc. (CCE) markets, produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The Company is The Coca-Cola Companys (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition, it purchases sweeteners, juices, mineral waters, finished product, carbon dioxide, fuel, PET (plastic) preforms, glass, aluminum and plastic bottles, aluminum and steel cans, pouches, closures, post-mix, and packaging materials. The Companys beverage portfolio includes Coca-Cola, Diet Coke/Coca-Cola light, Coca-Cola Zero, Fanta and Capri-Sun, among others.