Caesarstone Surges as 2014 Sales Forecast Beat Estimates
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Caesarstone Sdot Yam Ltd., the Israeli maker of quartz countertops, jumped in New York after issuing a new full-year sales estimate that surpassed analysts’ projections.
Shares of Caesarstone surged 11 percent to $48.76, the biggest advance since Feb. 12. The stock had tumbled 28 percent from a March high to yesterday. Trading volume was four times the 90-day average, data compiled by Bloomberg show. Caesarstone was the best performer on the Bloomberg Israel-US Equity index, which fell 0.2 percent to 116.43.