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Why Polaris Stock Revved Higher Today

TheMotleyFool

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Powersports vehicle maker Polaris (NYSE: PII) announced a restructuring move today that sent shares zooming higher. The maker of all-terrain vehicles (ATVs), side-by-side vehicles, snowmobiles, motorcycles, and boats is separating its Indian Motorcycle business into a stand-alone company.

Investors cheered the news for several reasons. Polaris shares were higher by 10.4% as of 9:55 a.m. ET.

Image source: Getty Images.

Source Fool.com

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