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Friday, July 08, 2016

[fm]: Smith & Wesson trades near all-time high


Smith & Wesson (SWHC) stock rose more than 4 percent Friday morning, near an all-time intraday high.
The stock traded near $29.50 in the morning, closing at $29.07. On March 18, the stock hit $30.44 a share. On a closing basis, Smith & Wesson's all-time high is $29.37.
The gun maker's shares rose in the wake of two deadly police shootings and after a sniper killed five people in Dallas.
Sadly, gun stocks rising following deadly shootings is nothing new.
On June 13 , a day after a gunman killed 49 people at a gay nightclub in Orlando, Smith & Wesson rose 6.9 percent, while Sturm Ruger (RGR) shares advanced 8.5 percent.
Sturm gained about 4.9 percent Friday, while Taser (TASR) rose 5.9 percent.

By: Fred Imbert (CNBC). 
Photo: Fox Business. 
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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