SodaSteam International Continues Its Slide (SODA)

Shares of SodaSteam International SODA are under pressure once again today despite a broad market rally. The Israeli company that sells home carbonation and flavoring systems for homemade soda has been slammed after it reported strong earnings Monday after the close. The company on Monday said its adjusted earnings totaled 3.9 million euros, or 31 euro cents per share, for the three months ended September 30, up from last year's profit of 21 euro cents per share. Sales of its soda makers in the quarter climbed to 449,000 from 285,000 in the comparable quarter a year ago. The stock traded as high as $43.88 on Tuesday after the report, but has since come under immense pressure. The stock is down $1.24, or 3.89%, to $30.60 today. That's a whopping 30.3% decline in less than 3 trading days. Shares have support at the $30 level, from where the trade may become interesting from the long side.