Shares of SodaStream International SODA have gotten crushed on Thursday after Jim Cramer savaged the stock on Mad Money last night. While Cramer had previously supported SODA, his about face, has sent shares plunging around 23% at last check to $38.68. The Mad Money host cited quality control issues and an unimpressive second quarter for slamming the stock. According to Cramer, SODA is not the next hypergrowth consumer opportunity like Green Mountain Coffee Roasters GMCR, which sells Keurig single-serve coffee machines.
SodaStream International Ltd., along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. The Company develops manufactures and sells soda makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, consisting of CO2 refills, reusable carbonation bottles and flavors to add to the carbonated water.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in