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Why Vizio Holding Stock Popped This Week

TheMotleyFool 
0 0 23.02.24
Why Vizio Holding Stock Popped This WeekPhoto, wide shot, wide-angle lens, Specialty food store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/7a8f69d5-c26e-46d9-b403-d3e5e9562eca.png
 

Shares of Vizio Holding (NYSE: VZIO), one of the largest TV brands in the U.S., jumped this week on news that Walmart (NYSE: WMT) would acquire the company in a $2.3 billion deal.

Vizio has historically been the largest TV brand sold at Walmart and was the second-largest seller of flat-screen TVs in the U.S. as of 2020.

In the announcement on Tuesday, Walmart said it would acquire Vizio for $11.50 a share, or approximately $2.3 billion. The stock surged last week after The Wall Street Journal reported that the two parties were in talks for a deal, but it got another bump after the news became official.

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Source Fool.com

Walmart Inc. Stock

€96.59
-0.130%
The price for the Walmart Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.130 (-0.130%).
With 99 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
As a result the target price of 109 € shows a slightly positive potential of 12.85% compared to the current price of 96.59 € for Walmart Inc..
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