Aggregated price index with volume information
- Gun stocks down 2.2% on average while median return down 2.2% in a day
- Gun stocks up 0.7% on average while median return up 0.7% in a week
- Gun stocks up 2.6% on average while median return up 1.1% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $VSTO 3.1%
- 1M losers are : Losers for past month are $RGR -0.9%
- 1W winners are : Winners for past week are $RGR 1.4%
- 1W losers are : Losers for past week are $VSTO -0.1%
Index correlation analysis
Correlation for the past month is 39.4%, for the past 3 months is 11.6%
In the past month for a 5 days rolling window, the highest corrrelation is 97.8%, the lowest correlation is -59.4%, the latest correlation is 64.2%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 39.4% between RGR and VSTO
The lowest correlation is 39.4% between RGR and VSTO
U.S. sporting and outdoor products group Vista Outdoor's has rejected a cash-and-stock merger offer from Czech gunmaker Colt CZ Group, saying it undervalued the company and was not better for shareholders than a rival bid. Vista's board said in a company filing on Wednesday evening that it maintained its recommendation to sell its sporting products division to the Czechoslovak Group (CSG), in a $1.91 billion deal announced in October. Colt CZ made its offer to Vista last week, proposing to kee...
Vista's board said in a company filing on Wednesday evening that it maintained its recommendation to sell its sporting products division to the Czechoslovak Group (CSG), in a $1.91 billion deal announced in October. Colt CZ made its offer to Vista last week, proposing to keep the U.S. company whole and valuing its shares at a 16% premium.
ANOKA, Minn., November 30, 2023--Vista Outdoor announced that its Board has rejected the unsolicited proposal received from Colt CZ Group SE to combine Colt CZ and Vista Outdoor.
Walmart is well-positioned for the holiday season, according to an analyst as Black Friday kicked off, a report says Nvidia is delaying the launch of a new artificial-intelligence chip, and Coinbase stock jumps as Bitcoin tops $38,000 intraday.
Shares of Vista Outdoor (VSTO), a sporting goods and ammunition company, climbed after firearm manufacturer Colt CZ submitted a bid for a merger. This follows Vista's October deal to sell its sporting goods business to Czech industrial technology firm Czechoslovak Group. Yahoo Finance's Brad Smith and Seana Smith break down the details of this trending ticker. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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(Updated - November 24, 2023 12:21 PM EST)
Investing.com -- Shares in Vista Outdoor (NYSE:VSTO) jumped in premarket U.S. trading on Friday after the American sporting goods firm announced that it had received an unsolicited cash-and-stock merger offer from Czech gunmaker Colt CZ Group.
Market news for Nov. 23
Czech gunmaker Colt CZ Group has made a cash-and-stock merger offer to Vista Outdoor , valuing the U.S. sporting and outdoor goods group's shares at a 16% premium. The deal comes amid Vista's planned sale of its sporting products business to privately held Czech defence and civil manufacturing company Czechoslovak Group (CSG), announced in October in a $1.91 billion deal. Vista said in a statement it had not made any decision about the $30 per share proposal, above its last closing price of ar...