Emotions Get the Best of Ruthless Gun Investor Amid Newtown Tragedy
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UPDATE: Is Selling Guns Toxic? Dick's (DKS) Stops Selling Rifles in All Stores
December 18, 2012 11:23 AM EST(Updated - December 18, 2012 11:30 AM EST)
Gun maker stocks have pushed lower yet following reports that Dick's Sporting Goods (NYSE: DKS) has suspended rifle sales in all of its stores following Friday's Sandy Hook school killings that left 28 dead, including 20 children.
Smith & Wesson... More
Cerberus Founder Feinberg Has Family Ties to Newtown; Seeks to Sell Gun Maker Stake
December 18, 2012 10:26 AM ESTIn an interesting twist on news that private equity firm Cerberus is seeking to sell its stake in firearm maker Freedom Group, it was revealed that Stephen Feinberg's father, Martin Feinberg, lives in Newtown, Connecticut.
Freedom Group owns Bushmaster, which was the gun used by Adam Lanza... More
CL King Downgrades Smith & Wesson Holding (SWHC) to Neutral
December 18, 2012 10:05 AM ESTCL King downgraded Smith & Wesson Holding (NASDAQ: SWHC) from Buy to Neutral.
For an analyst ratings summary and ratings history on Smith & Wesson Holding click here. For more ratings news on Smith & Wesson Holding click here.
Shares of Smith & Wesson Holding closed at $8.66 yesterday, with a 52 week range of $3.83-$11.25.... More
Olin (OLN) Falls on Worries About Firearm Unit
December 18, 2012 9:41 AM ESTOlin Corp. (NYSE: OLN) is another company getting caught up in the firearm trade in light of the recent school shootings.
Olin's Winchester segment produces and distributes gauges and calibers of shotgun shells, rimfire and centerfire ammunition for pistols and rifles, reloading components, and... More
Smith & Wesson (SWHC), Sturm, Ruger (RGR) Remain Under Pressure
December 18, 2012 9:37 AM ESTPublic gun makers Smith & Wesson (NASDAQ: SWHC) and Sturm, Ruger & Co. Inc. (NYSE: RGR) continue lower related to the backlash from the Sandy Hook shootings. This is being exacerbated by reports that Cerberus is seeking to exit... More
Cerberus Looks to Sell Stake in Firearms Maker Freedom Group Following Sandy Hook Tragedy (SWHC) (RGR)
December 18, 2012 8:51 AM ESTSmith & Wesson (Nasdaq: SWHC) and Sturm, Ruger & Co. (NYSE: RGR) shares are on watch Tuesday morning following news of M&A in the firearms segment.
Private equity firm Cerberus Capital is looking to unload is position in firearms maker Freedom Group. Cerberus issued a press release earlier on the session, saying that the move was closely tied to the Sandy Hook Elementary School shooting on December 14th.
Cerberus' statement from the release: "We cannot comprehend the... More
Activision Blizzard (ATVI) Investors on Alert as Violent Video Games Being Partly Blamed for Connecticut Shooting
December 17, 2012 1:46 PM ESTShareholders of Call of Duty video game maker Activision Blizzard, Inc. (NASDAQ: ATVI) and other video game makers are nervous Monday related to fears about a potential backlash from Friday's horrible Sandy Hook school shootings, which left 26 dead, including 20 children.
There have been reports from the Hartford Courant that alleged gunman Adam Lanza played "violent video game in which life-like characters engage in graphic battle scenes."
This has investors worried that not only will there be backlash against gun makers, including Smith & Wesson Holding (Nasdaq:... More
New Report Say 27 Dead in Connecticut Elementary School Shooting
December 14, 2012 12:56 PM ESTLatest reports suggests 27 dead in Connecticut elementary school shooting, 18 said to be children.
Gun maker Smith & Wesson (Nasdaq: SWHC) is well off its days highs on the news, but still up 1.6%. Sturm, Ruger & Co. Inc. (NYSE: RGR) is down 1.3%.... More
Gun Makers on Watch on Connecticut Elementary School Shooting
December 14, 2012 12:49 PM ESTSurprisingly, gun maker Smith & Wesson (Nasdaq: SWHC) is trading higher on a day when news that at least 12 people, including children, at a Connecticut elementary school were killed is making national headlines.
The company and other gun makers could see a backlash especially... More
