Sports Equipment Stock Pops on Beat-and-Raise

Core Insights - Amer Sports Inc's stock is experiencing a significant increase of 7.6%, reaching $33.09, following better-than-expected third-quarter earnings and revenue, along with an uplift in its full-year forecast [1] - The stock has shown an 18.5% increase since the beginning of the year, despite a pullback from its record high of $42.33 on August 25 [1] - The stock is currently facing resistance at the 200-day moving average, which has limited upward movements throughout October [1] Options Activity - There has been a notable increase in options trading for Amer Sports, with 9,172 calls and 3,364 puts exchanged, which is six times the average daily options volume [2] - The most popular options contract is the November 32.50 call, which also has the highest open interest position [2] Analyst Ratings - Following the recent earnings report, J.P. Morgan Securities revised its price target for Amer Sports to $51, despite a previous reduction [3] - The majority of analysts are optimistic about the stock, with 13 out of 15 brokerages rating it as a "strong buy" and two as a "hold" [3] - The 12-month consensus price target is set at $44.21, indicating a 33.3% premium over current stock levels [3]