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Stock Market & Financial Investment News

News Breaks
April 12, 2013
18:23 EDTSWHC, RGRCalSTRS divests of certain firearms holdings
The California State Teachersí Retirement System investment committee approved the fundís divestment from firearms companies that manufacture weapons that are illegal in California. On January 9, the CalSTRS investment committee directed staff to begin the divestment process with the two publicly traded U.S. companies within the CalSTRS portfolio that manufacture these products, Sturm Ruger (RGR) and Smith & Wesson (SWHC). As of December 31, 2012, the total market value of CalSTRS holdings in Sturm Ruger and Smith & Wesson was approximately $3M, which represented 0.3 basis points of the Global Equity portfolio. Today, CalSTRS CIO, Christopher Ailman, recommended divestment in accordance with the CalSTRS 21 risk factors. Staff determined that they can achieve a portfolio of equal risk and return without including these two particular investments.
News For SWHC;RGR From The Last 14 Days
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October 30, 2014
09:14 EDTRGR, SWHCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
October 29, 2014
18:59 EDTRGROn The Fly: After Hours Movers
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17:17 EDTRGRSturm, Ruger down 6.7% following Q3 results, lower Q3 dividend
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17:17 EDTRGRSturm, Ruger lowers Q3 dividend to 14c per share from 45c per share
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17:15 EDTRGRSturm, Ruger reports Q3 EPS 34c, may not compare to consensus 99c
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October 17, 2014
10:00 EDTSWHCOn The Fly: Analyst Initiation Summary
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06:37 EDTSWHCSmith & Wesson initiated with a Buy at Wunderlich
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