Coca-Cola Consolidated stock surged after buying back $2.4 million in shares from The Coca-Cola Company. The move, along with sector rotation trends, led to a 15.8% increase. The buyback gives Consolidated more autonomy and flexibility on pricing, with Coca-Cola forfeiting its board seat. Investors shifted to safer stocks, boosting Coca-Cola Consolidated’s valuation.

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Read more at Yahoo Finance: Why Coca-Cola Consolidated Stock Skyrocketed This Week