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The Hedge Funds With The Biggest Stakes In Gun Manufacturers
http://www.businessinsider.com/hedge-funds-with-biggest-stakes-in-gunmakers-2012-12
Friday's tragic elementary school shooting in Newtown, Connecticut has renewed the debate on gun control in the U.S. and Obama has even pledged to use the power of his office to stop gun violence.
Shares of publicly traded gun manufacturers Smith & Wesson and Sturm, Ruger & Co. have been under pressure.
Smith & Wesson's stock fell 0.47 cents or 5.2% to close at $8.65 a share yesterday. Shares were last trading down more than 3.6% in the pre-market.
Meanwhile, shares of Sturm, Ruger & Co. fell $1.57 or 3.45% to close at $44 a share yesterday. The stock was last trading down 2% in the pre-market.
Read more: http://www.businessinsider.com/hedge-funds-with-biggest-stakes-in-gunmakers-2012-12#ixzz2FPsfc7Do
