Midday movers: SodaStream, VeriFone

Stocks dropped sharply around noon -- coinciding with forex and bond market fluctuations -- but have recovered since then.

By MSN Money Partner Jun 6, 2013 2:46PM
 Wall Street sign copyright Corbis SuperStocklogoInformation provided by Theflyonthewall.com

SodaStream (SODA) rose over 5% after Israeli newspaper Calcalist said PepsiCo (PEP) was in talks to buy the home beverage carbonation systems maker. Pepsi's CEO Indra Nooyi, however, told CNBC that the rumor was "totally and completely untrue." 

Another Israeli publication, Globes, said SodaStream was in some type of early talks with Pepsi and Coca-Cola (KO), and stood by its report even after Nooyi's response. 

Among the notable gainers was Media General (MEG), which rose more than 21% after agreeing to merge with privately held New Young Broadcasting in an all-stock merger transaction. 

Also higher were shares of Ciena (CIEN), which advanced 13% after the company's quarterly revenue was better than expected. 

Among the noteworthy losers were VeriFone (PAY), down 18%, and Vera Bradley (VRA), down 10%, after both companies issued guidance that fell short of Wall Street's expectations. 
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