Analysts Weigh In On SodaStream Rumor
SodaStream declined to comment to Benzinga on the matter.
Following the report, Stifel analyst Jim Duffy said it is "highly improbable to impossible" that a deal will happen. In fact, he said the probability is of a takeout is 25 percent or less.
The analysts at Deutsche Bank mirrored Duffy's opinion stating that although the deal is not impossible, it would be difficult to pull off.
Looking at the chart, SodaStream shares have been trending down since hitting a high of $45.48 in late April and the shorts as a percentage of the float have been over 30 percent. This could mean the initial pop up was due in part to a short squeeze.
The shares came back after hitting a high of $35.09, to end the day up 9.45 percent at $31.63.
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