SodaStream International Ltd SODA shares are trading higher by $3.85 (12 percent) at $31.97 in Thursday's session. The catalyst for the rally is a huge Q3 beat of $0.46 with nearly $9 million more in revenues.
Following a much higher open, it rallied another $0.49 to $33.49 before reversing course That marks the highest level for the issue since September 2014, when it peaked at $34.66.
The ensuing decline has taken the issue well below its opening price of $33, falling to $31.24. That low is still well ahead of the top of Wednesday's range ($28.29). At this time, the issue is attempting to reclaim the $32 handle.
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