|Day's Range||0.7500 - 0.7500|
Key Insights Given the large stake in the stock by institutions, Vista Outdoor's stock price might be vulnerable to...
Vista Outdoor Inc said on Thursday Chief Executive Officer Chris Metz would resign from his role after the company's board lost confidence in his leadership. The board, which named director Gary McArthur as Vista's interim chief, said Metz would also quit as a director. The leadership reshuffle comes at a time when Vista is in the process of spinning off its ammunition and outdoor products businesses into two independent and publicly-traded companies.
Vista Outdoor (VSTO) delivered earnings and revenue surprises of 19.27% and 0.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?