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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

€97.62
0.570%
Walmart Inc. gained 0.570% compared to yesterday.
The stock is an absolute favorite of our community with 99 Buy predictions and no Sell predictions.
With a target price of 109 € there is a slightly positive potential of 11.66% for Walmart Inc. compared to the current price of 97.62 €.
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