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Shares of the two publicly traded gun makers rallied on Monday, a day after President Barack Obama gave a prime-time address calling for a modest reduction in the availability of firearms.
Both Smith & Wesson SWHC, +6.32% and Sturm Ruger & Co. RGR, +5.38% rose over 7% on Monday.
Smith & Wesson has climbed 116% this year and Sturm Ruger has jumped 69%.
Obama on Sunday night said no one on the no-fly list should be able to buy a gun and that it should be harder for people to buy powerful assault weapons like the ones used in the San Bernardino massacre.
Gun stocks rally after Obama’s prime-time address on terrorism - MarketWatch
Both Smith & Wesson SWHC, +6.32% and Sturm Ruger & Co. RGR, +5.38% rose over 7% on Monday.
Smith & Wesson has climbed 116% this year and Sturm Ruger has jumped 69%.
Obama on Sunday night said no one on the no-fly list should be able to buy a gun and that it should be harder for people to buy powerful assault weapons like the ones used in the San Bernardino massacre.
Gun stocks rally after Obama’s prime-time address on terrorism - MarketWatch