Shares of major gun makers were down as much as 2 percent Tuesday on a report industry sales are likely to cool off next year. In a research note Tuesday, Wunderlich Securities analyst Rommel Dionisio predicted industry sales are “likely to slow, following unusually high growth in 2016.” In late-morning trading, Smith & Wesson shares slipped more than 2 percent and Sturm Ruger was off about 1.6 percent. But by early afternoon, the stocks recovered some of the lost ground.
Key Takeaways:
- Shares of major gun makers were down as much as 2 percent Tuesday on a report industry sales are likely to cool off next year.
- iven the upcoming mid-January Shot Show, the firearms industry’s most important annual trade show, several prominent competitors have already begun to unveil new products for 2017.
- The flurry of major new product introductions from leading players in the field into the two fastest-growing categories of firearms, modern sporting rifles and compact/concealed carry handguns.
“In late-morning trading, Smith & Wesson shares slipped more than 2 percent and Sturm Ruger was off about 1.6 percent. But by early afternoon, the stocks recovered some of the lost ground.”
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