Market Overview

SodaStream Is Brewing Up A Rally


Sodastream International Ltd (NASDAQ: SODA) shares are trading higher by $0.99 (4 percent) at $20.51 in Tuesday's session. Investors are toasting the announcement that the company will be rolling out a homemade beer system.

Related Link: SodaStream...For Beer?

The issue, which had already been on tear since its May 9 close of $14.73, reached $21.61 off the open before some profit-takers came into the issue. So far, it has fallen back under $21 and made incremental new lows for the day. In order to fill the void in price from the upper-end of Friday's session, it would have to reach Friday's high of $19.65.

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