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World’s Top Gun Maker Sees Shares Soar Following Obama’s Executive Order

S and W 2.0

By Sputnik: 9 January, 2015

Shares in gun manufacturer Smith & Wesson soared to their highest level ever after President Barack Obama announced new restrictions on gun sales intended to reduce the country’s mass shootings. Smith & Wesson shares surged by more than 11% on Tuesday to end the day at a new high of $25.86. Earlier that day, shares had reached $26.54, the highest value since February 1999.

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Photo Credits: Rama

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