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Gun maker stocks rising again

Investor's Business Daily

After several years of steady growth, shares of Sturm Ruger (RGR) and rival Smith & Wesson Holdings (SWHC), the top 2 U.S. firearms makers, plunged sharply after the mass shooting at Sandy Hook Elementary School in Newtown, Conn., last Fri. Some institutional investors moved away from guns; retailer Dick's Sporting Goods (DKS) removed some guns from shelves. Smith & Wesson surged 7.2% to 8.35 and Ruger rose 7.5% to 43.63. Both are still down from their positions prior to the shootings.