Wednesday, March 18, 2009

Pepsi Stock Price Reaction On Wall Street

One would think that this unbelievably dumb marketing move by Pepsi to replace the 12 packs with 8 packs would result in some sort of short selling or at least start a selloff of PepsiCola stock but that doesn't appear to be the case.  The current stock price is hovering just below 50 USD and has been there since September of 2008.  So far no Wall St jobs have been lost by any stock brokers, at least none that I'm aware of. In fact, volume on the stock seems to be chugging along as if nothing was happening. I guess we have to keep in mind that Pepsi Cola does have a lot of other business interests and I'm sure they've got no plans to bring back the 12 pack anytime soon. But if they do you'll hear it first here.