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Coca-Cola HBC Shares Jump in Early Trade

Coca-Cola HBC shares jumped in early trade today, taking the FTSE 350 drinks group to 4,424.46p by 09:30 London time, the first rise of 5% or more in the 321 sessions of history held for the stock.

Coca Cola HBC (LON: CCH), the non-alcoholic drinks group, saw its shares rise 5.7% in early trade today to 4,424.46p at 09:30 London time. The stock has traded between 4,088p and 4,474p so far in the session.

The gain leaves the shares 14.4% below their 52-week high and 27.4% above their 52-week low. They are up 18% since the start of the year.

Line chart of Coca Cola HBC's share price over a month, with today's sharp rise marked
Coca Cola HBC’s share price over the month to today, with today’s move marked

How unusual this is

There has been no previous rise of 5% or more in the 321 sessions of price history held for Coca Cola HBC, which makes this the first move of its kind in that record.

Chart of daily share price changes over six months, with today's rise standing out
Today’s move against six months of daily changes
CCH.LSE

In the news

The Kremlin said it was “not aware” of a letter asking Putin to seize Coca-Cola HBC’s Russian assets, Marketscreener reported this morning. The shares fell on the Athens Exchange on Thursday, with reports about the company’s Russian operations seen as the main driver.

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