Sports Equipment Stock Pops on Beat-and-Raise

Amer Sports Inc (NYSE:AS) stock is surging today, up 7.6% at $33.09 at last glance, after the Wilson and Arcteryx parent posted better-than-expected third-quarter earnings and revenue and lifted its full-year forecast. AS has only been publicly traded since February 2024. Though the stock has pulled back from its Aug. 25 record high of $42.33, it's still up 18.5% since the start of the year. Today, the shares are grappling with the 200-day moving average, which kept a lid on rallies through October. Over in ...