Vista Outdoor (VSTO) Surges 10.5%: Is This an Indication of Further Gains?

Vista Outdoor (VSTO) shares soared 10.5% in the last trading session to close at $44.01. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.1% gain over the past four weeks. Vista Outdoor shares appreciated after the news that its operating segment, Revelyst, entered an agreement with Strategic Value Partners, LLC ("SVP") under which SVP-managed funds will acquire Revelyst in an all-cash transaction valued at $1.125 billion. This ...