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News  ›  The Motley Fool

Why Vita Coco Stock Jumped Today

The Motley Fool Logo The Motley Fool By Joe Tenebruso
Why Vita Coco Stock Jumped Today

Vita Coco's stock rose over 6% after the White House announced modifications to reciprocal tariffs on tropical fruits and fruit juices, potentially reducing the company's average tariff rate from 23% to 6%.

Insights
COCO   positive

Stock price increased due to expected lower tariff rates, which could improve profit margins and make products more price competitive