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Digital News Report – The share price of Coca-Cola Enterprises continues to drop in after-hours trading. The stock has dropped another 11 cents (-0.50%) to $21.90. This price is approaching today’s S1 support level of $21.84.
The share price of Coca-Cola Enterprises Inc. (NYSE:CCE) dropped 30 percent today to $22.01. On Friday the stock closed at $31.80.
This means the market capitalization (market cap) of the company fell from $16 billion to $11 billion with 502 million shares outstanding.
The price of the stock dropped $9.79 in one day.
The 50-day moving average was $29.29. The 100-day moving average was $27.90.
The price today dropped through yesterday’s S3 support level of $28.97.
By: Mark Williams