Why Amer Sports Rocketed Higher Today
Shares of sports apparel and equipment conglomerate Amer Sports (AS 18.48%) 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 Y ...