Sodastream Sharply Higher Off Mixed Q4 Report

Sodastream International Ltd SODA shares are trading sharply higher by $2.65 (6 percent) at $50.00 in Wednesday's session. Instead of focusing on its Q4 EPS miss of $0.12, the Street has chosen to put emphasis on its sales beat of $6.3 million.

After a higher open, it retreated to $49.02 before continuing its move higher. The ensuing rally took the issue to $51.25 and reversed course. That marks the highest level for the issue since January 2014 when it peaked at $51.71.

The ensuing decline has come nowhere near the low for the session and the issue is attempting to close in the $50.00 handle. The last time SodaStream closed over $50 was on January 9, 2014, when it ended the session at $50.08. Two days later, it was at $36.94 when it was punished for lowered 2014 guidance.