Recent headlines surrounding the country's view on gun control measures may finally be losing their effects on publicly traded gun companies:
- Smith & Wesson Holding Corporation (SWHC:NasdaqGS) started 2013 trading just below $9.00 a share. However, the gun company has managed to make up some ground. Currently they are trading at $9.42. This price is still far from the $10.82 a share they were trading at in December of last year.
- Sturm, Ruger & Co. Inc. (RGR: NYSE) has also managed to gain some momentum. Earlier this year they were trading at $45.88. Currently they are trading at $53.60.
- Even though both stocks have managed to make the jump from dreary beginnings for 2013, both companies appear to be on a rise again.
Guns In The News
According to an article in the New York Times, on Friday Colorado’s House of Representatives gave initial approval to legislation requiring background checks on private gun sales and placing limits on ammunition magazines. Meanwhile, NBC News is reporting Cleopatra Cowley, mother of Hadiya Pendleton, the Chicago teen shot and killed just a week after performing at President Barack Obama’s inauguration, is featured in a new public service announcement calling on Congress to reform the nation’s gun laws. And In Virginia Beach, Va., a local pizza restaurant is giving discounts to gun owners.
WTKR reports that All Around Pizza is offering fifteen percent off pies to gun owners. According to the report, gun owners can show their concealed weapons permit or show the gun itself to get the discount.