Smith & Wesson stock takes a hit...

[Slater]

Does this mean the gun buying panic is officially over?

"Shares of Smith & Wesson Brands Inc. plummeted 29.9% in afternoon trading Friday, putting them on track for their biggest one-day selloff since March 2020. The gun maker reported after Thursday's closing bell fiscal second-quarter profit and revenue that missed expectations, demand levels declined from pandemic-related highs, and the stock ended Thursday's after-hours session with a decline of about 15%."

"The stock fell even further after Friday's open, after the parents who bought the gun used by their son to kill four students at Michigan school were charged with involuntary manslaughter. The stock, which was on track for the lowest close since March 5, has now plunged 54.7% since closing at a record $35.40 on July 1. Shares of fellow firearms maker Strum Ruger & Co. tumbled 11.1% toward the lowest close since Jan. 29, and have now lost 29.3% since closing at a record $89.98 on June 30. Year to date, Smith & Wesson shares have lost 9.6% and Sturm Ruger's stock has slipped 2.3%, while the S&P 500 has gained 20.1%."

https://www.msn.com/en-us/money/markets/smith-wesson-s-stock-plunges-toward-biggest-1-day-selloff-since-march-2020/ar-AARrnqd?ocid=msedgntp

[Honu]

Last few days market has been taking huge hits
Inflation the covid scare the manipulation time of year typical crap

Heat maps last couple days are insane red also crypto etc...

Today down
Dow
S&P
Tesla
Google
Apple


The % is large though but could be other things with guns and remember who are the wealthy manipulators the left :)

Most the market info sites are from far left leaning FUD spreading garbage info meant to sway people and paper hand people :)


Does this mean the gun buying panic is officially over?

"Shares of Smith & Wesson Brands Inc. plummeted 29.9% in afternoon trading Friday, putting them on track for their biggest one-day selloff since March 2020. The gun maker reported after Thursday's closing bell fiscal second-quarter profit and revenue that missed expectations, demand levels declined from pandemic-related highs, and the stock ended Thursday's after-hours session with a decline of about 15%."

"The stock fell even further after Friday's open, after the parents who bought the gun used by their son to kill four students at Michigan school were charged with involuntary manslaughter. The stock, which was on track for the lowest close since March 5, has now plunged 54.7% since closing at a record $35.40 on July 1. Shares of fellow firearms maker Strum Ruger & Co. tumbled 11.1% toward the lowest close since Jan. 29, and have now lost 29.3% since closing at a record $89.98 on June 30. Year to date, Smith & Wesson shares have lost 9.6% and Sturm Ruger's stock has slipped 2.3%, while the S&P 500 has gained 20.1%."

https://www.msn.com/en-us/money/markets/smith-wesson-s-stock-plunges-toward-biggest-1-day-selloff-since-march-2020/ar-AARrnqd?ocid=msedgntp

[THCDDM4]

Buy the dip.

[donlapalma]

Build back better.


Let's go Brandon!

Sent from my SM-G991U using Tapatalk

[Waylander]

This is a clown world we live in.
Could we at least stay consistent and have Chevy’s stock take a hit when a drunk NFL player crashes his ‘Vette going 150+ and kills a woman?

They were marketed for speed, right? [emoji6]

[Adrenaline_6]

All the big players are selling. Buffet has @$150 billion in cash. Musk and his brother has dumped their shares. They know something is coming. I don't think this is a dip. Not yet anyway. When they start buying it up again, that is the dip.