Cabela's Hires Guggenheim As Adviser As It Explores Its Strategic Options

Cabela's Inc. shares rose 4.5% in premarket trade Wednesday, after the company said it has hired Guggenheim Securities to help it explore its strategic options. The retailer of hunting, fishing, camping and other outdoor goods said it continues to believe its current strategy will position it to be a leading omnichannel retailer, but it is open to other ways to drive value. The company has no set time frame to complete the review. Shares are down 11% in the year through Tuesday, while the S&P 500 has gained 2%.