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Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Stock prices of gun makers have tumbled on Wall Street amid a surge in discussion about gun control in the aftermath of the devastating shooting at a Connecticut elementary school last week.
Shares of Smith & Wesson Holding Corp. fell as much as 5% on Monday after sinking more than 4% on Friday – the day that Adam Lanza opened fire at Sandy Hook Elementary School, in Newtown, Conn., killing 26 people, including 20 children.
Sturm Ruger & Co., another firearm maker, saw its stock price fall nearly 3% on Monday after dropping more than 4% on Friday.
The companies’ websites have stayed mum about the shooting.
Most firearm manufacturers — such as Browning and Winchester maker Herstal Group, Colt Firearms, Beretta USA and Bushmaster, which produces the AR-15 rifle used by Lanza — are privately owned.
Shares of ammunition maker Olin Corp., however, were up Monday.
http://www.latimes.com/business/money/la…8151.story
2012-12-17 19:00:37
Source: http://yeoldefalseflag.com/thread-shares-of-gun-maker-smith-wesson-tumble-after-connecticut-shooting
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