Boston, MA 02/20/2014 (wallstreetpr) – The Coca-Cola Company (NYSE:KO) will say goodbye to its long-serving chief financial officer in May. Gary Fayard who is aged 62 will retire from the company after more than a decade as the finance chief. His position will therefore be assumed by Kathy Waller, another executive fixture at the world’s largest beverage maker and distributor. The exit of the CFO follows that of North America chief Steve Cahillane who left the company in December, despite having long been considered a potential successor to the current CEO Muhtar Kent. KO is facing several challenges in its business, sales have slowed down and weak foreign currencies are not making things better either. In North America soda sales have been on a volume drop in two of the now last three quarters. The Coca-Cola Company (NYSE:KO) witnessed its stock price hit $37.30 in the previous session after gaining 0.54 percent in the day.
Micron Technology, Inc. (NASDAQ:MU): If technology experts are to be believed, there are great things ahead of MU. The demand for NAND and DRAM memory chips is expected to continue shooting upwards over the next couple of years and this will result in more revenue and profits for the company given its thriving position in the memory chip business. Perhaps it is this prospect that has kept institutional investors like Greenlight Capital heavy invested in the stock. It is reported, according to regulatory filing, that by the end of the fourth quarter Greenlight Capital had roughly 47.6 million shares stake in MU. In fact, Greenlight Capital started purchasing Micron stock back in March 2013. The stock of Micron Technology, Inc. (NASDAQ:MU) registered a gain on Nasdaq composite in the last session whereby each share added 7 cents to its value to conclude the day at $25.49.
Zynga Inc (NASDAQ:ZNGA) witnessed insider trading this week whereby VP Devang Shah sold roughly over 8,000 shares in open market transaction. The shares were sold for an average price of $5.06 each and ended up fetching roughly $40,657 for the executive. With this stock sale, Mr. Shah now retains about 93,130 shares of ZNGA, who value is approximately $471,260. Zynga Inc (NASDAQ:ZNGA) had a positive day in the last trading session, adding 2 cents on each share to end the day at $5.09 per share.
