Gun Industry Doing Well in Month Since Newtown Shooting
Stocks on the rise
The stock prices for Smith & Wesson Holding Co. (SWHC) and Sturm, Ruger & Co.(RGR) rose about 4%. The stock for Sturm, Ruger has risen 13% in the month since theshooting at a Newtown, Conn., elementary school that left 20 children and six educators dead.
Retailers that specialize in guns have also done well. The stock price for Cabela's (CAB) surged 6% on Wednesday and has gained 20% over the last month.Dick's Sporting Goods (DKS, Fortune 500) notched up slightly, and has gained 6% over the month.