US Supreme Court Upholds Gun Ban For Domestic Violence Cases
Portfolio Pulse from Benzinga Newsdesk
The US Supreme Court has upheld a gun ban for individuals convicted of domestic violence, a decision that could impact gun manufacturers. This ruling may affect companies like Sturm, Ruger & Company (RGR) and Smith & Wesson Brands, Inc. (SWBI).
June 21, 2024 | 2:23 pm
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NEGATIVE IMPACT
The US Supreme Court's decision to uphold a gun ban for domestic violence cases could negatively impact Sturm, Ruger & Company (RGR) by potentially reducing the market size for firearms.
The ruling may lead to a decrease in firearm sales, affecting RGR's revenue and stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Smith & Wesson Brands, Inc. (SWBI) may face a negative impact from the Supreme Court's decision to uphold a gun ban for domestic violence cases, potentially reducing firearm sales.
The decision could lead to a smaller market for firearms, negatively affecting SWBI's sales and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80