Why Smith & Wesson Brands Stock Surged 20% This Morning -- Then Gave Most of It Back
On its first day of trading as a once-again separate company, the guns business of Smith & Wesson Brands (NASDAQ: SWBI) saw its shares leap more than 20% in early trading Tuesday. They later settled down to the 5.5% gain seen at 11:45 a.m. EDT.
Helping to boost the shares today is a new analyst report out of Cowen & Co.
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Source Fool.com
