Tag: NYSE:VSTO
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Friday’s Wall Street Highlights: Barclays, Macy’s, Alibaba, Novo Nordisk, and more
In Friday’s pre-market, U.S. index futures are seeing a slight increase, marked by a shorter than usual trading session. Investors are paying special attention to economic activity indicators set to be announced late in the morning. U.S. market operations will conclude earlier, at 1:00 PM. As of 5:25 AM (BrasÃlia time), the yield on 10-year…
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Vista Outdoor Announces $1.91 Billion Sale of Sporting Products Unit and Slashes Sales Forecast; Stocks plummet 20%
Ammunition manufacturer Vista Outdoor (NYSE:VSTO) announced on Monday its intention to sell its sporting products business in a $1.91 billion transaction and revised its full-year sales projection, causing its premarket shares to plummet by 18%. The sale of the sporting products business, encompassing its firearms and ammunition operations, will be an all-cash deal with Czechoslovak…