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NYC – Industry Insider – Outdoor Company’s Stock Plummets after Hints It May Sell Off Gun Brand

NATIONAL REVIEW.COM May 1, 2018 – Vista Outdoor, a manufacturer of guns, ammunition, and other outdoor gear, experienced a sudden and sharp decline in its stock price after announcing the potential sell off of its rifle and shotgun brand Tuesday. Vista’s share price was down 15 percent Tuesday afternoon after CEO Chris Metz announced a “strategic business transformation plan” that includes the potential sale of the Savage shotgun and rifle brand and other product lines that “fall outside” the core businesses the firm plans to prioritize.  [full article]

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