Today's Research Reports on Stocks to Watch: American Outdoor Brands and Sturm, Ruger & Company
NEW YORK, NY / ACCESSWIRE / October 3, 2017 / Mass shootings are tragic and scary, but they also mean money for gun makers. It's no surprise that two of the largest gun manufacturers in the nation, American Outdoor Brands and Sturm, Ruger & company saw their shares surge in the aftermath of the worst mass shooting now in American history. CNBC analysts found that shares of Ruger rose an average of 2.9% the month after mass shootings while Smith & Wesson shares rose 5.4%.
RDI Initiates Coverage on:
American Outdoor Brands Corporation
http://www.rdinvesting.com/report/?ticker=AOBC
Sturm, Ruger & Company, Inc.
http://www.rdinvesting.com/report/?ticker=RGR
American Outdoor Brands Corporation's shares closed up 3.21% on Monday with a little over 4 million shares traded. It was a tragic day in Las Vegas yesterday after an armed shooter killed over 50 people, resulting in the largest mass shooting in U.S. history. The parent company of Smith & Wesson, saw its shares climb higher as many other gun stocks did. American Outdoor has had a rough year and has seen losses of over 45% since the election last November. It even closed at a 2.5 year low last month on September 11th. Stephen Paddock opened fire on Sunday night from a hotel room, at crowds of people who were attending the Harvest Festival country music concert at the Mandalay Bay Casino. An estimated 22,000 people were attending the three-day event.
Access RDI's American Outdoor Brands Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=AOBC
Sturm, Ruger & Company, Inc.'s shares closed up 3.48% yesterday on a little over 700,000 shares traded. In the wake of the Las Vegas tragedy, gun manufacturers such as Sturm, Ruger, & Company saw their shares hit the green as traders flocked to gun stocks. At least 59 were dead in Sunday's tragic mass shooting and over 500 were injured. Traders may be anticipating that gun laws being reformed could lead to a swell in gun purchases. Shares of Sturm, Ruger & Company are down over 22% since last November's election.
Access RDI's Sturm, Ruger & Company, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=RGR
Our Actionable Research on American Outdoor Brands Corporation (NASDAQ: AOBC) and Sturm, Ruger & Company, Inc. (NYSE: RGR) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
