Firearm stocks misfire on report suggesting sales will slow in 2017

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Shares of major gun makers were down as much as 2 percent Tuesday on a report industry sales are likely to cool off next year. In a research note Tuesday, Wunderlich Securities analyst Rommel Dionisio predicted industry sales are “likely to slow, following unusually high growth in 2016.” In late-morning trading, Smith & Wesson shares slipped more than 2 percent and Sturm Ruger was off about 1.6 percent. But by early afternoon, the stocks recovered some of the lost ground.

Key Takeaways:

  • Shares of major gun makers were down as much as 2 percent Tuesday on a report industry sales are likely to cool off next year.
  • iven the upcoming mid-January Shot Show, the firearms industry’s most important annual trade show, several prominent competitors have already begun to unveil new products for 2017.
  • The flurry of major new product introductions from leading players in the field into the two fastest-growing categories of firearms, modern sporting rifles and compact/concealed carry handguns.

“In late-morning trading, Smith & Wesson shares slipped more than 2 percent and Sturm Ruger was off about 1.6 percent. But by early afternoon, the stocks recovered some of the lost ground.”

http://www.cnbc.com/2016/12/27/firearm-stocks-misfire-on-report-suggesting-sales-will-slow-in-2017.html

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