Strength Seen in Viad (VVI): Can Its 17.5% Jump Turn into More Strength?

Group 1 - Viad Corp shares increased by 17.5% to $42.05, with a higher-than-average trading volume, compared to a 2.2% gain over the past four weeks [1] - The surge in investor optimism followed the announcement of Viad's sale of its GES business to Truelink Capital for $535 million, indicating a strategic shift towards experiential tourism [1] - Viad plans to rebrand itself as Pursuit after the transaction, reflecting its strengthened focus on the tourism segment [1] Group 2 - The expected quarterly earnings for Viad are $1.87 per share, representing a year-over-year increase of 25.5%, with revenues projected at $437.1 million, up 19.5% from the previous year [1] - The consensus EPS estimate for Viad has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [2] - Viad holds a Zacks Rank of 3 (Hold), while another company in the same industry, Crawford & Company B, has a Zacks Rank of 4 (Sell) [2]