Dr Pepper Snapple Group: S&P 500’s Top Gainer on January 29
By Val KensingtonJan. 30 2018, Published 8:34 a.m. ET
Top gainers
The S&P 500’s top gainers on January 29 were:
Dr Pepper Snapple Group
Dr Pepper Snapple Group, which is a US soft drink company, was the S&P 500’s top gainer on Monday. After consolidating in a tight range for five consecutive weeks, Dr Pepper Snapple Group started this week on a stronger note and surged to fresh record high price levels.
The buying pressure in Dr Pepper Snapple Group increased on Monday amid reports about the merger between Keurig and Dr Pepper Snapple Group. According to Dealogic, the deal between Keurig and Dr Pepper Snapple Group is worth $18.9 billion. Keurig is a beverage brewing system for home and commercial use. Amid the increasing trend in ready-to-drink sales, the deal will help Keurig’s sales through Dr Pepper Snapple Group’s drink distribution network.
On Monday, Dr Pepper Snapple Group opened higher and closed the day at $117.07—a gain of 22.39%. Dr Pepper Snapple Group is part of the S&P 500 Consumer Staples sector, which declined 0.51%.
Next, we’ll discuss how Gilead Sciences (GILD) and Netflix (NFLX) performed on Monday.
