Yesterday, COCO, for VitaCoco coconut water opened +10% and stayed around +9-11% for 52wk high’s after crushing earnings projections. Then right at the bell it erased all the gains for the day and managed to drop like 5%. Now off another 2% today. If you look at the chart it’s a vertical drop out of nowhere.
Execs dumping stock? Help…
Position: long since the IPO. My fav and most consistent brand of coconut water.
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