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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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