SodaStream Surge Extending to JPMorgan on U.S.: Israel Overnight
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SodaStream International Ltd., the Israeli maker of soda machines trading at the most expensive level since February, will extend last year’s 37 percent climb as its U.S. business grows, according to JPMorgan Chase & Co.
Shares of the company, based in Airport City, Israel, climbed 12 percent last week in New York to $48.69, the highest level since Aug. 15, 2011. It was the biggest gainer on the Bloomberg Israel-US Equity Index of the largest U.S.-traded Israeli companies, which rallied 1.6 percent in its first weekly advance since November. Mellanox Technologies Ltd. rose 3.2 percent Jan. 4, trimming its slide in the week to 13 percent.