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In 2020 Coke (KO) stock was trading at an all time high of $60 before being sold off in March down to $36. The stock was able to rebound over 50% for the year and get back up to $55, but has failed to keep the momentum going.
Right now Coke is trading at $49.72, which is attractive to many investors because it's under $50. The company pays out an annual dividend of 3.0% which is also attractive and is reeling investor in to buy shares. Is now a good time to buy Coke on the dip, or will the dip go deeper?