VSTO fell 21.7% to close at $29.58 per share on January 12. Its weekly, monthly, and YTD price movements were -24.8%, -23.2%, and -19.8%, respectively.
Vista Outdoor rose by 0.08% to close at $39.85 per share on September 1, 2016. Its weekly, monthly, and YTD price movements were 1.7%, -22.3%, and -10.5%.
GONIX takes long positions in securities that advisers believe to be undervalued and short positions in securities that advisers believe to be overvalued.
After the tightening of US gun rules by the US Bureau of Alcohol, Tobacco, Firearms and Explosives, VSTO closed at $46.70 per share as of January 5, 2015.
Most of Vista Outdoor’s peers have outperformed it based on price-to-book value. It has outperformed its ETFs based on price movement and price-to-earnings.
Ball Corporation’s stock is trading 1.7% above its 20-day moving average, 2.4% above its 50-day moving average, and 2.9% below its 200-day moving average.
The US leveraged loans market saw an allocation of $1.9 billion worth of senior loans in the week ended October 2. This was 73.5% lower than the $7.2 billion in the week ended September 25.
The US leveraged loans market saw a $7.2 billion allocation of senior loans in the week ended September 25—nearly double the $3.8 billion priced in the week ended September 18.
According to Lipper, net inflows into high yield bond funds totaled $17.7 million in the week ended September 23, compared to inflows of $236.4 million in the previous week.
Altice N.V. issued $4.8 billion in junk bonds on September 25 in a three-tranche issue. The same day, Olin Corp. issued $1.22 billion in junk bonds in two tranches.
Dollar-denominated high yield debt of $10.01 billion was issued in the week ended September 25—up by an astounding 926.7% from the previous week’s $0.975 billion in issuance volume.
