VF Stock Poised for Big Bounce After Supreme Sale

Core Insights - VF Corporation's shares increased by 8.9% in premarket trading due to EssilorLuxottica's agreement to acquire the Supreme brand for $1.5 billion in cash by the end of 2024 [1] - The stock is expected to open near $15.20, potentially reaching its highest level since early March, and is attempting to overcome a 24.4% year-to-date deficit [1] - The put/call open interest ratio for VF Corporation is 1.51, indicating a high level of bearish sentiment, with the 10-day put/call volume ratio in the 78th percentile of the past year [1] Trading Metrics - Short interest has decreased slightly, with 49.7 million shares sold short, representing 12.8% of the total available float [2] - It would take over six days to cover the short positions at the average trading pace of VF Corporation [2]