London-based lottery and gambling equipment maker International Game Technology (NYSE: IGT), which was already on something of a tear and far outperformed the S&P 500 over the past year, saw its stock soar 14.2% through 1 p.m. ET Thursday -- and it's no great mystery why.

IGT announced Thursday morning that it is exploring "strategic alternatives" for its Global Gaming and PlayDigital divisions -- the company's two best-performing units over the past year -- with the goal of driving "long-term sustainable value" for the stock.  

International Game Technology's press release makes it clear that it's not entirely clear on exactly which strategic alternative it's going to take, however.

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Source Fool.com