![[Weekly funding roundup May 24-30] Capital inflow continues to remain steady](https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/Weekly-funding-1741961216560.jpg)
Why Vail Resorts Stock Soared on Wednesday
The return of a leader was the news driving Vail Resorts (NYSE: MTN) stock up toward a peak on Wednesday. The company's share price popped by almost 9% on the day after this development hit the headlines, comparing most favorably to the S&P 500's (SNPINDEX: ^GSPC) 0.6% decline.Just after market close on Tuesday, Vail announced that its onetime CEO Rob Katz is stepping back into that leadership role. In doing so, Katz replaces Kirsten Lynch, who vacated the position but will serve as an advisor to the company for an unspecified transitional period.Image source: Getty Images.Continue reading
The return of a leader was the news driving Vail Resorts (NYSE: MTN) stock up toward a peak on Wednesday. The company's share price popped by almost 9% on the day after this development hit the headlines, comparing most favorably to the S&P 500's (SNPINDEX: ^GSPC) 0.6% decline.
Just after market close on Tuesday, Vail announced that its onetime CEO Rob Katz is stepping back into that leadership role. In doing so, Katz replaces Kirsten Lynch, who vacated the position but will serve as an advisor to the company for an unspecified transitional period.
Image source: Getty Images.
