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Gun Maker’s Stock Soars More Than 700% Since Obama’s Inauguration in 2009

Posted By admin On December 18, 2012 @ 10:58 am In Commentary,Tile | Comments Disabled

Gregory Gwyn-Williams, Jr.
CNS News [1]
December 18, 2012

Since President Barack Obama took the oath of office on January 20, 2009, the share price of firearms manufacturer Sturm, Ruger & Company has increased more than 700 percent.

At the close of business on the day of Obama’s inauguration, the price of Ruger stock (Ticker: RGR) was $5.48 per share.  At the end of the trading day on December 17, 2012, the price of the stock closed at $44.00 per share [2]; an increase of 703 percent in less than four years.

But, Ruger isn’t the only gun manufacturer that has seen an explosion in its stock value.  Smith & Wesson shares (Ticker: SWHC) have increased 253 percent since Obama moved into the White House.

The price of SWHC was $2.45 per share when Obama was sworn in; it closed at $8.65 per share [3] today, December 17, 2012.

When measuring the performance of Ruger’s shares to that of the S&P 500, a stock market index based on the share prices of 500 publicly traded companies, the gains made by the firearms manufacturer are astounding.

Full article here [1]

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URLs in this post:

[1] CNS News: http://cnsnews.com/blog/gregory-gwyn-williams-jr/gun-makers-stock-soars-more-700-obamas-inauguration-2009

[2] $44.00 per share: http://finance.yahoo.com/q?s=rgr&ql=1

[3] $8.65 per share: http://finance.yahoo.com/q?s=swhc&ql=1

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