VF Stock Poised for Big Bounce After Supreme Sale

Shares of Vans sneaker maker VF Corporation (NYSE:VFC) are 8.9% higher in premarket trading, following news that EssilorLuxottica agreed to acquire the company's Supreme brand by the end of 2024 in a $1.5 billion cash transaction.On track to open just below the$15.20 area, VFC could begin today's session at its highest level since early March. VF stock is also poised to reclaim support from long-term resistance at its 200-day moving average. Today's positive price action is a step in the right direction, a ...