Why Vizio Holding Stock Popped This Week
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.
Source Fool.com
Walmart Inc. Stock
€54.99
-1.010%
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 54.99 € the target price of 164 € shows a potential of 198.24% for Walmart Inc. which would more than double the current price.
