Why American Outdoor Brands Stock Just Dropped 11%
American Outdoor Brands (NASDAQ: AOUT) confirmed yesterday that it has completed the spinoff of its guns division as the newly reconstituted Smith & Wesson Brands (NASDAQ: SWBI). What was left of American Outdoor Brands, however, promptly plunged in price.
As of 12:15 p.m. EDT, shares of American Outdoor Brands stock are down 11% -- but is that a bad thing?
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Source Fool.com
