No shock here ---- and, it will only get worse!
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Gun stocks surge; Smith & Wesson shares peek into record territory
MARKETWATCH 10:10 AM ET 7/8/2016
Symbol Last Price Change
SWHC 29.2664 +0.9764 (+3.45%)
RGR 67.8693down +3.3493 (+5.19%)
VSTO 50up +1.05 (+2.15%)
QUOTES AS OF 10:51:12 AM ET 07/08/2016
Shares of gun makers rallied in morning trade Friday, as the recent spate of shootings helped fuel expectations of increased gun-control rhetoric. Smith & Wesson Holding Corp.'s(SWHC) stock (SWHC) climbed 2.8%, but had been up as much as 5.2% at the intraday high of $29.75, which was above the March 17, 2016 record close of $29.37. The gains follow recent shootings in , and . Analysts have said regulatory fears are among the biggest drivers of consumer demand. Shares of Sturm Ruger & Co.(RGR) ran up 4.2% and of Vista Outdoor Inc.(VSTO) rose 1.8%. Year to date, shares of Smith & Wesson(SWHC) have surged 32%, Sturm Ruger(RGR) gained 13% and Vista Outdoor(VSTO) rose 12%, while the S&P 500 has advanced 3.6%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
07-08-161010ET
Copyright (c) 2016 Dow Jones & Company, Inc.
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