NEW YORK-- Shares of SodaStream fell Wednesday after a J.P. Morgan analyst lowered his rating on the carbonation machine maker, noting that its stock is no longer cheap. Although SodaStream will like continue to deliver better-than-expected earnings growth, analyst John Faucher said that its stock is already up 44 percent year to date.
NEW YORK-- SodaStream shares jumped to their highest price since the summer of 2011 Tuesday, boosted by investor optimism coming out of the company's investor meeting. THE SPARK: SodaStream International Ltd. told investors Monday that it hopes that its annual revenue will reach the $1 billion mark by fiscal 2016..
PDI Inc. rose 27.8 percent to $5.19. TearLab Corp. rose 14.3 percent to $9.10. SodaStream International Ltd. rose 13.5 percent to $65.01.
U.S. stock index futures were slightly lower Wednesday, after the Dow and S&P 500 hit record highs in the previous session, and as investors largely shrugged off a better-than-expected trade data from China.
*Soda machine maker launching new products in Italy. MILAN, April 10- Israel's SodaStream International, whose machines make carbonated drinks from tap water, expects to reach 25 percent of Italian kitchens in the coming years as consumers seek green, trendy and cheaper alternatives to bottled water.
*Housing shares drop after Toll Bros results. *Office Depot and OfficeMax confirm merger, Staples slumps. *Boeing rallies after Reuters report on battery issue.
*Office Depot, OfficeMax confirm merger. NEW YORK, Feb 20- U.S. stocks were little changed on Wednesday after housing and inflation data pointed to a continuation of modest economic improvement and ahead of the minutes from the Federal Open Market Committee's January meeting later in the session.
*Producer Prices rise for first time in four months. NEW YORK, Feb 20- U.S. stocks were poised for a flat open on Wednesday as data showed the economy continues to show modest improvement before the minutes from the Federal Open Market Committee's January meeting later in the session.
NEW YORK, Feb 20- U.S. stock index futures edged lower on Wednesday, ahead of data on the housing market and inflation, as well as minutes from the Federal Open Market Committee's January meeting. Housing starts and permits for January along with the January producer price index are due at 8:30 a.m..
*Office Depot, OfficeMax confirm merger. NEW YORK, Feb 20- U.S. stocks dipped on Wednesday, with energy shares falling as investors found few reasons to buy following a rally that has held major indexes near five-year highs for three weeks. Certainly it sparks concern, "said Michael James, senior trader at Wedbush Morgan in Los Angeles.