Holiday Sales Woes Spur SodaStream’s Worst Annual Debut
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SodaStream International Ltd., the Israeli maker of home soda machines, fell last week on speculation lackluster holiday sales will erode earnings.
Shares of Lod, Israel-based SodaStream sank 3.8 percent last week to $48.32, the worst annual debut since the company’s 2010 initial public offering. The shares touched a nine-month low on Jan. 2. The Bloomberg Israel-US Index rose 0.3 percent to $110.2 for a 0.5 percent weekly gain. Ituran Location & Control Ltd., which makes devices for locating stolen vehicles, jumped 5 percent in the week to a record.