Vista Outdoor (VSTO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Vista Outdoor's Revelyst inks a deal to be acquired by Strategic Value Partners, positioning the company to enhance its market presence and drive long-term profitability.
Shares of sports and recreation company (NYSE:VSTO) jumped 10.2% in the pre-market session after the company announced two significant deals to sell itself: the sale of Revelyst to Strategic Value Partners (SVP) for $1.125 billion. Additionally, Vista Outdoor amended its agreement with the Czechoslovak Group (CSG), raising the acquisition price for The Kinetic Group to $2.225 billion.