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Why AMMO Tumbled 14.5% This Week

TheMotleyFool

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Shares of AMMO (NASDAQ: POWW) tumbled hard this week, falling 14.5% compared to the market indexes, which were essentially flat, on no specific news to the company.

In fact, the ammunition manufacturer issued an earnings update for the second quarter stating it expected to report quarterly sales of $51 million, a 400% increase from the year ago period.

Image source: Getty Images.

Source Fool.com

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