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Gun Stocks Soar

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.

Read more: http://money.cnn.com/2013/01/16/news/companies/gun-obama/ind...