Coca-Cola's Stock Tumbles Amid Uncertainty Over Fairlife Ransomware Costs

Coca-Cola's stock has retreated from its all-time high of $91.99 to $89.66, still within striking distance but pointing in the wrong direction.

The company delivered strong Q2 results with a 7% rise in net revenues to $13.4 billion and a 6% growth in organic revenues.

However, Coca-Cola has not disclosed the cost of Fairlife's ransomware attack that occurred on July 16, which halted US production and left many questions unanswered.