SodaStream International Ltd. SODA was a big mover last session with its shares rising roughly 11% on the day. The upside came on the announcement that the company will now dual-list its shares on the Tel Aviv Stock Exchange (TASE), in addition to Nasdaq on which it currently trades. This development led to far more shares changing hands than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the past month’s volatile price range of $13.55 to $15.49.
This maker of home beverage carbonation systems has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
SodaStream currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the consumer products space may consider Prestige Brands Holdings, Inc. PBH, which holds a Zacks Rank #2 (Buy).
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