The Coca-Cola Company (NYSE:KO) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.49% to $42.00. Coca-Cola Co. (KO) reported on Friday that its board has authorized unanimously the recommendation of Chairman and Chief Executive Officer Muhtar Kent for an evolution of the company’s senior leadership structure.
Under the new structure, James Quincey, President and Chief Operating Officer, will succeed Kent as CEO, effective May 1, 2017. Kent will continue as Chairman of the Board of Directors.The Board intends to nominate Quincey to stand for election as a director at the 2017 Annual Shareowners Meeting in April.
Quincey, 51, was named The Coca-Cola Company’s President and Chief Operating Officer in August 2015. Prior to this role, Quincey served as President of The Coca-Cola Company’s Europe Group.Quincey served as President of the Northwest Europe & Nordics Business Unit (NWEN) from 2008 to 2012. From 2005 to 2008, Quincey was President of the Mexico Division. The share price of KO attracts active investors, as stock price of week volatility recorded 1.37%. The stock is going forward to its 52-week low with 6.42% and lagging behind from its 52-week high price with -8.70%.
Pareteum Corporation (NYSEMKT:TEUM) disclosed that its receipt of notification from NYSE MKT LLC indicating the Company has until June 6, 2017 to regain compliance with the Exchange’s continued.
On December 6, 2016, the Company received a notice from the Exchange indicating that the Company is not currently in compliance with the Exchange’s continued listing standards as set forth in Section 1003(f)(v) of the NYSE MKT Company Guide.
The Company was previously notified by the Exchange in its May 26, 2016 notice that, in accordance with the continued listing standards set forth in Section 1003(f)(v) of the Company Guide, due to the average selling price of the Company’s common stock falling below the acceptable minimum required average share price, the Exchange deemed it appropriate for the Company to effect a reverse stock split. With the Company having not presently effected a reverse stock split, the Exchange has further notified the Company in the December 6, 2016 notice, that the Company’s continued listing is predicated on either affecting a reverse stock split or otherwise demonstrating sustained price improvement by no later than June 6, 2017.
At the Company’s Annual Meeting of Shareholders held on August 16, 2016, the Company’s shareholders authorized an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of the common stock at a ratio of between one-for-ten and one-for-twenty five with such ratio to be determined at the sole discretion of the Board of the Directors of the Company in order to regain compliance with the NYSE continued listing standards.