U.S. Supreme Court Rejects Appeal Challenging Maryland Assault Weapon Ban
Portfolio Pulse from Benzinga Newsdesk
The U.S. Supreme Court has rejected an appeal challenging Maryland's ban on assault weapons. This decision upholds the state's law, which prohibits the sale and possession of certain semi-automatic firearms. The ruling is significant for gun manufacturers and could impact companies like Sturm, Ruger & Company (RGR) and Smith & Wesson Brands, Inc. (SWBI).
May 20, 2024 | 1:33 pm
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NEGATIVE IMPACT
The U.S. Supreme Court's decision to uphold Maryland's assault weapon ban could negatively impact Sturm, Ruger & Company (RGR) by limiting the market for their semi-automatic firearms in the state.
The ruling restricts the sale and possession of certain semi-automatic firearms in Maryland, which could reduce sales for RGR in that state.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Smith & Wesson Brands, Inc. (SWBI) may face a negative impact due to the Supreme Court's decision to uphold Maryland's assault weapon ban, as it limits the market for their semi-automatic firearms in the state.
The decision restricts the sale and possession of certain semi-automatic firearms in Maryland, potentially reducing sales for SWBI in that state.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80