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Gun Industry Not Slowing Down in Face of Ban Proposal

Posted By admin On January 17, 2013 @ 5:51 am In Money Watch | Comments Disabled

CNN [1]
Jan 17, 2013

Gun stocks rose Wednesday, even as President Obama called on Congress to pass an assault weapon ban.

The stock prices for Smith & Wesson Holding Co. and Sturm, Ruger & Co. rose about 4%. The stock for Sturm, Ruger has risen 13% in the month since the shooting at a Newtown, Conn., elementary school that left 20 children and six educators dead.

Retailers that specialize in guns have also done well. The stock price for Cabela’s surged 6% on Wednesday and has gained 20% over the last month. Dick’s Sporting Goods notched up slightly, and has gained 6% over the month.

Obama issued the call for the assault ban as part of a broad response to the Newtown shooting.

Full article here [1]

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[1] CNN: http://fox2now.com/2013/01/16/gun-industry-not-slowing-down-in-face-of-ban-proposal/

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