the first coca cola came out on may 8, 1886.
when did the first coca cola come out?
may 8 , 1886
in 1886, dr. john stith pemberton, a pharmacist and former confederate soldier, produced the first coca-cola syrup. on may 8, 1886, he brought a jug of his syrup to a local pharmacy on peachtree road in atlanta, georgia. according to the chronicle of coca-cola, "it was pronounced 'excellent' and placed on sale for five cents a glass". although most soda fountain drinks cost seven or eight cents at the time (for a 6.5 oz glass), coca-cola chose five cents and specifically marketed itself as an affordable option. pemberton sold his remaining stake in coca-cola to asa candler in 1888.
fixed price of coca-cola from 1886 to 1959
pepsi (pep) and coca cola (ko) are different companies that create a similar product, soda pop. historically, the two companies have shared similar dips and highs, depending on the soda pop market. if the price of coca cola were to go up a significant amount while pepsi stayed the same, a pairs trader would buy pepsi stock and sell coca cola stock, assuming that the two companies would later return to their historical balance point. if the price of pepsi rose to close that gap in price, the trader would make money on the pepsi stock, while if the price of coca cola fell, he would make money on having shorted the coca cola stock.
pairs trade