Smith & Wesson surges 11%; Ammo sees very strong demand

Outdoor Holding

30/06/2021 18:29

** Shares of Smith & Wesson Brands Inc  SWBI.O  surging 11% on
Weds after ammunition maker Ammo Inc  POWW.O  reported strong
qtrly results and pointed to "exceedingly strong" demand
    ** Gun maker Sturm Ruger & Co  RGR.N  rose ~5% on Weds, up
40% YTD
    ** Gun sellers have benefited over the past year from strong
consumer demand, driven by civil unrest and fears of potential
gun control regulation that could reduce availability
    ** SWBI now up 76% since June 17, when the firearm maker
reported its own blowout qtrly results  urn:newsml:reuters.com:*:nL3N2O038D
    ** "Demand fundamentals in the US domestic ammunition market
are exceedingly strong and we are seeing no indication of
slowing," POWW said late Tues  urn:newsml:reuters.com:*:nGNX8hwNwY

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; (415) 677 2542, Twitter: @randewich;))