Coca-Cola Falls as Soda Sales Drop for 9th Straight Year


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Companies Mentioned

NYSE:BAC / NASDAQ:PRAN / NYSE:KO / PK:TEMN
04/01/2014 [ACCESSWIRE]

Bank of America Corporation (NYSE: BAC) – For an in-depth report on Bank of America Corporation follow: www.BullTrends.com/stockquote/BAC

BAC shares closed up a modest 1.30% on Monday with about 62 million shares traded. The company’s first quarter 2014 analyst estimates are considerably higher than they should. A lot of analysts still need to update their targets reflecting the multi-billion dollar settlement the bank reached with Fannie Mae and Freddie Mac five days ago.

Prana Biotechnology Limited (NASDAQ: PRAN) - For an in-depth report on Prana Biotechnology Limited. follow: www.BullTrends.com/stockquote/PRAN

Shares of Prana Biotechnology closed down 71.60% on Monday with about 23.7 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The big drop came after it was revealed after the company’s most advanced drug candidate, PBT2, failed to meet its primary endpoint in a study of Alzheimer's disease patients.

The Coca-Cola Company (NYSE: KO) - For an in-depth report on The Coca-Cola Company follow: www.BullTrends.com/stockquote/KO

Shares of KO closed down a modest 0.74% on Monday with nearly 25 million shares traded. The stock was one of the most active stocks on the NYSE after news revealed that U.S. soda sales fell for the ninth straight year. According to Beverage Digest, total sales volumes fell 3%to 8.9 billion cases in 2013, the lowest since 1995. Soda sales have declined every year since 2005.

Team Nation Holdings Corp. (OTC: TEMN) – For an in-depth report on Team Nation Holdings Corp. follow: www.BullTrends.com/stockquote/TEMN  

Shares of TEMN closed up 47.46% on Monday with about 261 million shares traded. The stock was one of the biggest gainers in the OTC market despite any big news. However on March 27th, the company announced that it has officially changed its name with the State of Nevada to Top Shelf Brands Holdings Corp. in order to reflect the true business of the company. The company has also received a new CUSIP number in preparation for a new trading symbol and up-listing in the near future.

 

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