Firearms makers’ stock hurt by Connecticut school shooting

Investors sold off shares of firearms makers amid speculation the…

Investors sold off shares of firearms makers amid speculation the government will enact tougher new gun restrictions after the Connecticut elementary school shooting that left 20 children dead.

Smith & Wesson Holding Corp., considered the largest handgun manufacturer in the U.S., led the decline. Its shares tumbled 48 cents, or 5.2%, to $8.65 a share Monday after slumping more than 4% following the shooting at Sandy Hook Elementary School on Friday.

Sturm Ruger & Co., another firearms maker, slid $1.57, or 3.5%, to $44 a share Monday after diving more than 4% Friday. Ammunition company Olin Corp., however, rose 10 cents, or 0.5% to $21.54 a share.

Read more at L.A. Times

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