Shares of Vita Coco Company, Inc. (COCO) rose 9.18% on Monday after the company released a statement addressing the U.S. government's tariff relief actions.
Vita Coco said it welcomes the tariff relief and believes it will support continued affordability and stable supply for coconut water products imported into the U.S. The company added that it remains committed to working with regulators to ensure long-term access to key raw materials without unnecessary cost pressures.
On Friday, COCO opened at $44.20, reached a high of $48.10, and a low of $43.95, compared to a previous close of $43.85, on the NasdaqGS. Trading volume surged above 2.1 million shares, significantly higher than the average of 730,000.
The stock's 52-week range stands at $19.32 - $48.10, with today's session marking a test of the upper end of that range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.