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News Breaks
December 3, 2012
11:44 EDTRGR, SWHCFBI reports over 2M November firearm background checks
The Federal Bureau of Investigation reported 2,006,919 total background checks performed in November via the National Instant Criminal Background Checks System, or NICS, according to data published on its website. This compares to 1,534,414 checks in November 2011. The NICS is used by Federal Firearms Licensees to instantly determine whether a prospective buyer is eligible to purchase firearms or explosives, the FBI notes on its site. Shares of publicly-traded gun makers are off their earlier lows, with Smith & Wesson (SWHC) up 7c, or 0.66%, to $10.67 in late morning trading after being in negative territory earlier in the session. Sturm, Ruger & Company (RGR) shares are down 32c, or 0.55%, to $58.27 after falling as low as $56.67 in earlier trading. Reference Link
News For SWHC;RGR From The Last 14 Days
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October 5, 2015
17:30 EDTRGR, SWHCGunmakers surge as Clinton vows regulatory reform
Shares of gunmakers Smith & Wesson (SWHC) and Sturm Ruger (RGR) advanced Monday after presidential candidate Hillary Clinton reaffirmed her vow to expand firearm regulations following last week's Oregon shooting. REGULATORY PROMISES: Speaking at a New Hampshire town hall meeting, Hillary Clinton outlined her plan to reduce gun violence across the United States. The presidential candidate vowed to close loopholes affecting sales at gun shows and over the Internet, no longer permitting private sellers to skip background checks. Additionally, the Democrat promised to revise the so-called "default proceed" rule, which currently allows gun sales to proceed without background checks if that check is not completed within three days. Clinton also said she would strive to repeal a law preventing victims of gun crime from suing the firearm manufacturers themselves, and called for comprehensive background checks to "keep guns out of the hands of domestic abusers, other violent criminals, and the severely mentally ill." PRICE ACTION: Shares of Smith & Wesson and Sturm Ruger rose a respective 7.29% and 2.75% during Monday's session, while hunting retailer Cabelas (CAB) advanced 2.88%. The positive moves come after a reported surge in gun sales on fears of sharply increased regulations, with Clinton notably promising to "take administrative action" on the issue.

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