Sturm, Ruger Recovers Post-Election Election Loss - Market Talk
DOW JONES & COMPANY, INC. 11:01 AM ET 5/9/2017
Symbol Last Price Change
RGR 63.65up +6.3 (+10.99%)
QUOTES AS OF 11:39:12 AM ET 05/09/2017
11:00 ET - Sturm, Ruger(RGR) tops its pre-election level for the first time after forecast-beating earnings and upbeat commentary from new CEO Chris Killoy, who says at its annual meeting that reports of the firearm industry's death have been exaggerated. Killoy says RGR hasn't seen any dip in valuations for potential M&A, preferring to build adjacencies such as silencers in-house, which has also freed up cash for buybacks and dividends. RGR recently up 13% at $64.85, off its session high. Rival gunmaker American Outdoor (AOBC) up almost 7%, but still 20% below its pre-election level. (doug.cameron@wsj.com; @dougcameron)
(END) Dow Jones Newswires
05-09-171101ET
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