Wednesday, January 23, 2013 9:58:01 AM
Whatever the outcome of the legislation, Sturm Ruger & Company (NYSE: RGR) along with competitor Smith and Wesson Holding Corporation (NASDAQ: SWHC) are riding the wave of gun owner uncertainty. Sturm Ruger rose another four percent yesterday in heavy volume, on the heels of Wednesday’s five percent hike. Previously shares had been unchanged since the school shooting on December 14 2012, but they are up 24 percent from a year ago. Smith & Wesson stock rose 6.5 percent to $8.98. Shares are down 12 percent since the school shooting, but up a respectable 76 percent from a year ago. Shares in Cabela’s (NYSE: CAB), a sporting goods merchandiser which sells guns, have also seen an increase, up this week by 6.3 percent. Although shares in gun makers have been climbing in recent years on higher sales, the horrible incident in Connecticut has provided impetus on both sides; sending many investors rushing to the exits as the likelihood for stricter controls has begun to solidify. Conversely, many more traders are rushing in to buy attempting to cash in on the rally. The investors are betting on gun sales and not on gun controls at this point. Those exiting are betting on stricter gun legislation in the offing.
In the end, while Americans support gun control in theory, it seems that very few Americans want the government to limit personal rights to get a gun. No matter which side you come down on, there is no denying the recent rally in trading of gunsmith shares. Sturm Ruger has a market cap of $988.85 million and is trading at $52.15. Smith & Wesson has a market cap of $589.67 million and is trading at $8.98 per share. Both companies are doing well by the numbers right now and are worth a bit of research in order to see if they are viable options for your portfolio. Yesterday, we put a short story out on SWHC, which was down 1% for the session. It’s a hot-button issue and will continue to be so in the long-term.
Get the full story here:
http://emerginggrowth.com/featured_stories/sturm-ruger-company-nyse-rgr-and-smith-and-wesson-holding-corporation-nasdaq-swhc-riding-high-on-second-amendment/01/23/2013
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM