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Stock Market & Financial Investment News

News Breaks
December 18, 2012
11:00 EDTRGR, SWHCCerberus to sell stake in gun maker following Connecticut tragedy
Private equity firm Cerberus said it would immediately sell its controlling stake in the Freedom Group, which made the weapon used by the gunman who killed 20 children in Connecticut, media outlets reported. Cerberus' decision comes in the wake of a statement by the California State Teachers’ Retirement System, or CALPERS, which said yesterday that it would evaluate its investment in Cerberus due to the tragedy. Publicly traded gun makers, including Smith & Wesson (SWHC) and Sturm, Roger & Company (RGR) are falling sharply in mid-morning trading.
News For SWHC;RGR From The Last 14 Days
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October 13, 2015
06:27 EDTSWHCSmith & Wesson coverage assumed with an Outperform at Wedbush
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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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