|Bid||7.75 x 4000|
|Ask||7.95 x 1300|
|Day's Range||7.71 - 7.89|
|52 Week Range||7.69 - 15.95|
|Beta (3Y Monthly)||0.44|
|PE Ratio (TTM)||23.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Democratic candidate for President, Marianne Williamson, speaks with Yahoo Finance's Adam Shapiro at LaGuardia Airport.
American Outdoor Brands (AOBC) closed at $8.18 in the latest trading session, marking a -1.68% move from the prior day.
In the wake of two mass shootings last weekend, 2020 presidential candidate Marianne Williamson is calling to renew a ban on assault weapons.
The killings that claimed 31 lives last weekend in El Paso, Texas and Dayton, Ohio, just 12 hours apart brought renewed debate about the nation’s firearm laws and gunmakers. Since 1982, there have been at least 114 mass shootings* in the US, spanning 34 states, according to Mother Jones database. “Gun stocks can trade higher following mass shootings as investors bet on gun buyers speeding up their purchases before potential regulatory changes occur that could threaten their ability to purchase guns,” said Jon Hale, Global Head of Sustainability Research at Morningstar.
Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors embrace other products addressing a wide range of issues like environmental and governance concerns, according to flow data at the world's largest asset manager. Investor scrutiny of gun makers picked up after last year's mass shooting at a Florida high school and has continued through more recent attacks, including in Texas and Ohio last weekend. Some activists have urged asset managers to drop holdings like Sturm Ruger & Co and American Outdoor Brands Corp.
Shares of Vista Outdoor Inc. tumbled 11% in midday trading Friday, putting them on track to close at a second-straight record low. The ammunition and outdoor sports equipment company's stock had plunged 21.5% on Thursday, the biggest one-day selloff since November 2017, on the back of disappointing fiscal first-quarter results and lowered full-year outlook. Analyst Eric Wold at B. Riley kept his rating at buy but cut his price target to $11 from $13 on Friday. "After initiating coverage on [Vista] in late February on a belief that the multi-year headwinds facing the shooting sports and outdoor products segments were coming to an end, we were clearly wrong and too early on our call--which has been exacerbated by a number of unforeseen events in recent months (poor weather in key parts of the buying season, a major industry bankruptcy and continued U.S.-China trade disputes). The stock has now plunged 44.4% over the past three months, while the S&P 500 has edged up 1.1%. Shares of gun makers were also declining Friday, with Sturm Ruger & Co. losing 4.6% and Smith & Wesson parent American Outdoor Brands Corp. falling 2.4%.
As U.S. lawmakers sound off in the wake of this past weekend’s mass shootings in Texas and Ohio, they’re largely making the points that their donors expect.
Despite little evidence, the GOP blamed video games for encouraging violence after mass shootings in Dayton, Ohio and El Paso, Texas.
Shares of shooting sports companies surged Monday, bucking the sharp selloff in the broader stock market, after President Trump tweeted about pushing for stronger background checks for gun buyers in the wake of the tragic events over the weekend.
(Bloomberg) -- Shares of U.S. gunmakers rose Monday, bucking declines in the broader market, amid renewed calls for gun control measures following mass shootings in Texas and Ohio over the weekend.Gun company stocks have typically traded higher after mass shootings as consumers may step up purchases to get ahead of potential regulatory changes that could make it more difficult to obtain guns. President Donald Trump earlier this morning tweeted about linking “strong background checks” and immigration reforms, although he didn’t discuss gun control in later remarks on the shootings.American Outdoor Brands Corp., which makes Smith & Wesson firearms, rose as much as 7.5%, while Sturm Ruger & Co. Inc. rose 3.8%. Ammunition maker Vista Outdoor Inc. gained as much as 2% earlier. The S&P 500 Index fell 2.3% on rising trade tensions between the U.S. and ChinaMichael Bloomberg, founder of Bloomberg LP, serves on the advisory board of Everytown for Gun Safety, which advocates stiffer firearm legislation.\--With assistance from Courtney Dentch.To contact the reporter on this story: Janet Freund in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of gun and ammunition makers rallied in premarket trading Monday, after President Trump suggested combining gun and immigration reform, in the wake of the mass shootings in El Paso, Texas and Dayton, Ohio over the weekend. The rallies buck the selloff in the broader stock market, with futures for the Dow Jones Industrial Average shedding 372 points, or 1.4%. Shares of Sturm Ruger & Co. , which makes AR-556 assault-style rifles, hiked up 4.1%; Smith & Wesson parent American Outdoor Brands Corp. rallied 5.3% and ammunition maker Vista Outdoor Inc. rose 1.6%. Industry analysts say the regulatory environment is among the biggest drivers of gun products demand, with fears of tighter regulation having boosted sales and stock prices in the past.
29 Murdered Over the Weekend in Two Shooting Attacks It was a terrible weekend in the United States as two separate shooting attacks occurred less than 24 hours apart. The first occurred in a Walmart (NYSE:WMT) in El Paso, Texas, where a 21-year-old shooter murdered 20 people. He has been apprehended by police. He had […]The post Market Morning: Weekend Massacres, Iran Strikes Again, US Blames China, Gold & Bitcoin Pop appeared first on Market Exclusive.
Examining how American Outdoor Brands Corporation (NASDAQ:AOBC) is performing as a company requires looking at more...
In the latest trading session, American Outdoor Brands (AOBC) closed at $9.44, marking a +1.61% move from the previous day.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
American Outdoor Brands (AOBC) closed the most recent trading day at $9.03, moving +0.22% from the previous trading session.
American Outdoor Brands Corporation (NASDAQ:AOBC) is a small-cap stock with a market capitalization of US$494m. While...
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]