Smith & Wesson Brands shares are trading lower, reversing after rising late Thursday on Q4 earnings. the US Supreme Court also upheld a gun ban for domestic violence cases.
Portfolio Pulse from Benzinga Newsdesk
Smith & Wesson Brands shares are trading lower after initially rising on Q4 earnings. The US Supreme Court upheld a gun ban for domestic violence cases, which may impact the company's future sales.
June 21, 2024 | 3:27 pm
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Smith & Wesson Brands shares are trading lower after initially rising on Q4 earnings. The US Supreme Court's decision to uphold a gun ban for domestic violence cases could negatively impact future sales.
The initial rise in Smith & Wesson Brands' stock price due to positive Q4 earnings was reversed by the US Supreme Court's decision to uphold a gun ban for domestic violence cases. This regulatory change could negatively impact future sales, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
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