on January 6, 2016 in World News
World’s Top Gun Maker Sees Shares Soar Following Obama’s Executive Order
Shares in gun manufacturer Smith & Wesson soared to their highest level ever after President Barack Obama announced new restrictions on gun sales intended to reduce the country’s mass shootings. Smith & Wesson shares surged by more than 11% on Tuesday to end the day at a new high of $25.86. Earlier that day, shares had reached $26.54, the highest value since February 1999. The rise followed a nearly 6% gain on Monday. © AFP 2015/ SAUL LOEB Obama Gun Control Fiat Contains Rules Already Present in US Law The world’s largest gun company told investors that it expected sales to spike after news broke last Thursday of President Obama’s… View Article
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