Why Vista Outdoor Stock Popped 23% This Morning
Shares of ammunition and outdoor sporting goods manufacturer Vista Outdoor (NYSE: VSTO) spiked 23% higher as Monday trading began, although the stock has since retraced to about a 12% gain as of 11:20 a.m. EDT.
There's no company-specific news that would directly explain Vista's higher stock price. Earnings last came out nearly a month ago, and the news wasn't great then. The company's next earnings report isn't due for another two months.
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Source Fool.com
