Gun Stocks SoarSubmitted by emalvini on Wed, 01/16/2013 - 17:10
Gun Stocks Soar
By Aaron Smith @CNNMoney | January 16, 2013: 2:21 PM ET
NEW YORK (CNNMoney)
Gun stocks rose Wednesday, even as President Obama called on Congress to pass an assault weapon ban.
The stock prices for Smith & Wesson Holding Co. (SWHC) and Sturm, Ruger & Co. (RGR) rose about 4%. The stock for Sturm, Ruger has risen 13% in the month since the shooting at a Newtown, Conn., elementary school that left 20 children and six educators dead.
Retailers that specialize in guns have also done well. The stock price for Cabela's (CAB) surged 6% on Wednesday and has gained 20% over the last month. Dick's Sporting Goods (DKS, Fortune 500) notched up slightly, and has gained 6% over the month.