Smith & Wesson shares hit new high as Obama unveils gun control measures

Smith & Wesson shares have soared to their highest level in more than a decade as Barack Obama tearfully announced new restrictions on gun sales designed to reduce the nation’s epidemic of mass shootings. Shares in Smith & Wesson rose by more than 11% on Tuesday to end the day at a new high of $25.86 after the world’s biggest gun company told investors that it expected bumper sales, as consumers have rushed out to buy more guns while politicians debate gun control legislation.
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