Loading...
Loading...
Shares of SodaStream
SODA spiked lower early in Wednesday's trading to $39.67. Traders are attributing the spike lower to bearish comments from Detwiler.
From that low, shares rallied hard to the current price of $45.73, up 13 percnt on
reports that Starbucks
SBUX is in talks for a 10 percent stake in SodaStream, which would value the company at $1.1 billion.
Detwiler is “skeptical” a major beverage company would invest in SodaStream, as new devices from Bevyz this year, and Keurig in 2015 are on the horizon.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in