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Gun stocks surge after another month of record high background checks

Discussion in 'Market News' started by Lily, Aug 1, 2016.

  1. Lily

    Lily Forum Member

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    Shortly after the FBI announced July’s background check figures Monday, shares in the second largest gun manufacturer hit $30.59 each

    Gun manufacturer Smith and Wesson’s share price reached an all-time high on Monday after it was reported that the background checks for new guns had set a new record for July.

    Shortly after the FBI announced July’s figures on Monday afternoon, shares in the second largest gun manufacturer hit $30.59 each. Smith and Wesson’s shares closed the day at an-all time high of $30.36, up 3% for the day and beating a previous record high of $29.37 set back in March.

    Related: Smith & Wesson's gun sales boosted profits by 50% on last year

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