Why Shares of Smith & Wesson Shot Higher Today
Shares of Smith & Wesson Brands (NASDAQ: SWBI) gained 8% on Monday and traded up more than 10% mid-day, following another strong month for the background checks needed to buy a firearm.
The Federal Bureau of Investigation reported Monday that July checks performed by its National Instant Criminal Background Check System (NICS) rose 123% year over year, following a June 136% gain.
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Source Fool.com
