Why Amer Sports Rocketed Higher Today
Shares of sports apparel and equipment conglomerate Amer Sports (NYSE: AS) rocketed 18.1% higher on Tuesday, as of 2:18 p.m. ET.
The owner of outdoor gear and apparel brand Arc'teryx, shoe and ski/snowboard brand Salomon, tennis brand Wilson, and baseball bat brand Louisville Slugger, among others, reported first-quarter earnings today.
Amer was actually founded as an industrial company in 1950 in Finland, but has transformed itself over the years to a global sports equipment giant, going public on the New York Stock Exchange in early 2024 after having been taken private by a consortium of investors in late 2018.
Source Fool.com
