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Smith and Wesson stocks rise in aftermath of Texas massacre

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Firearm firms see huge spike in sales and stock price after Texas school massacre as buyers fear crackdown on ownership

Sturm, Ruger & Company, the largest publicly traded gunmaker in the US by market cap, soared 5.47 per cent to $67.27 as of 5pm ET. It comes just days after President Joe Biden blasted the Second Amendment, said it was 'not sacred' and called for Americans to 'stand up to the gun lobby'.

 

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