Amer Sports Inc Surges to 187th in Daily Rankings with $469 Million Turnover

On May 29, 2025, Amer Sports Inc. (AS) saw a significant surge in trading volume, with a turnover of $469 million, marking a 271.91% increase from the previous day. This substantial rise in trading volume placed Amer Sports at the 187th position in the daily stock market rankings. However, the stock price of Amer Sports Inc. (AS) experienced a decline of 2.33%, marking the second consecutive day of decrease, with a total drop of 4.29% over the past two days.

Amer Sports Inc. recently announced its financial results for the first quarter of 2025, highlighting a strong performance that has contributed to its stock's recent momentum. The company's share price reached a new 52-week high during trading on Tuesday, reflecting investor confidence in its growth prospects.

In a research report released on Wednesday, Morgan Stanley raised its price target for Amer Sports from $28.00 to $33.00, maintaining an "equal weight" rating for the company. This adjustment comes as Amer Sports continues to demonstrate robust financial performance and strategic initiatives.

Amer Sports also announced the pricing of a secondary offering of 35 million shares at $37.20 per share. This move is part of the company's broader strategy to optimize its capital structure and support its long-term growth objectives.

Analysts have noted Amer Sports' impressive Q1 earnings, which saw sales grow by over 23%, significantly outperforming analyst expectations. This strong performance has been a key driver of the stock's recent gains, with the company's shares delivering a remarkable 150% return over the past year.

Despite the recent decline, Amer Sports' stock has shown remarkable resilience and momentum, with Bernstein maintaining an "Outperform" rating and a price target of $43.00. The company's strategic initiatives and strong financial performance continue to position it as a leader in the consumer goods sector.