Why Shares of Smith & Wesson Gained 22.2% in May
What happened
Shares of firearms manufacturer Smith & Wesson Brands(NASDAQ:SWBI) rallied 22.2% in May, according to data provided by S&P Global Market Intelligence. Worries of new gun-control legislation coupled with couple with political uncertainty and another round of stimulus checks has created the perfect storm of fresh demand.
So what
To be fair, lucky timing had at least something to do with last month’s big gain. Shares were sliding lower as April came to a close. Ripe for a rebound, news…
