Why VSTO Stock is Moving Today

Shares of Vista Outdoor (VSTO, Financial) surged by 10.14% today, buoyed by the company's announcements of two significant business deals. Vista Outdoor has entered into an agreement to sell its Revelyst business to Strategic Value Partners for $1.125 billion, and it has amended its agreement with the Czechoslovak Group, raising the acquisition price for The Kinetic Group to $2.225 billion. Vista Outdoor (VSTO, Financial), listed on the NYSE, currently trades at a price of $43.88 with a market capitalizatio ...