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
Investors sold off shares of firearms makers amid speculation the government will enact tougher new…
by Tactical-Life / Dec 17, 2012