Coca-Cola Co (NYSE: KO) shares have gone up by 7.8% from their lowest point in October, reaching $56.49 as the month's trading comes to a close. Shares of soft drink and food stocks experienced volatility in October in possible reaction to comments this month from Walmart Inc (NYSE: WMT) suggesting weight-loss drugs are impacting food sales. Additionally, rising yields could negatively impact dividend stocks such as Coca-Cola.
What's Going On With Weight Loss Drugs?
In 2023, prescription weight loss drugs like Ozempic, Wegovy and Mounjaro have gained significant attention, impacting both pharmaceutical and food/drink companies.
The rising interest in these GLP-1 drugs has caused pharmaceutical stocks to increase, while ...