Shares of SodaStream International Ltd. (SODA) are higher by 14.27% to $16.02 in pre-market trading on Monday in response to buyout of peer Keurig Green Mountain Inc. (GMCR). The personal beverage system today announced its acquisition for $92.00 per share in cash, or a total equity value of approximately $13.9 billion, by an investor group led by JAB Holding Co.
The transaction represents a 78% premium to GMCR’s Friday closing price of $51.70.
Bellicum Pharmaceuticals, Inc. (BLCM) rallied 7.14% to $23.25 in pre-market trading after the biopharmaceutical company reported BPX-501 clinical data demonstrating disease-free outcomes in patients with genetic diseases.
Net Element, Inc. (NETE) shares surged 35.13% to $0.358 in pre-market trading following the co.’s large drop in short interest in the month of November. Recent short interest data for the 11/13/2015 settlement date shows a decrease in short interest for shares of Net Element, Inc. totaling 430,228 shares, as compared to 578,313 shares since October 30, a decline of about 26%.
NETE has a beta of 0.34 and a short float of 430,200. In the past 52 weeks, shares of North Miami Beach, Florida-based company have traded between a low of $0.05 and a high of $1.46 and are now at $0.34. Shares are down 81.74% year-over-year and 76.89% year-to-date.
Chipotle Mexican Grill (CMG) — Shares of the Mexican food chain plunged over 9% to $509.70 in the premarket trading on Monday after the company forecast a decline in its Q4 guidance following the recent E. coli incident.
Chipotle now expects EPS to come in between the range of $2.45 to $2.85, well below Street’s estimates of $4.06 a share.
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