Smith & Wesson shares surge as Obama unveils gun control measures

Discussion in 'Market News' started by Lily, Jan 5, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    World’s biggest gun company sees shares climb by more than 12% to their highest level in more than a decade after president’s emotional speech

    Smith & Wesson shares have soared to their highest level in more than a decade as President Obama tearfully announced new restrictions on gun sales designed to reduce the nation’s epidemic of mass shootings.

    Shares in Smith & Wesson rose by more than 12% on Tuesday to $26.30 after the world’s biggest gun company told investors that it expected bumper sales, as consumers have rushed out to buy more guns while politicians debate gun control legislation.

    Related: Obama's gun control speech: fact-checking the statistics

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