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Smith & Wesson Leads Rally in Gun Stocks After N.Y. Ruling

  • Supreme Court establishes right to carry guns in New York
  • Smith Wesson, Sturm Ruger were among biggest gainers
Firearm Store Sales As Biden Announces Restrictions, Including On 'Ghost Guns'
Photographer: Bing Guan/Bloomberg
Updated on

Shares of gun manufacturers surged Thursday after the US Supreme Court established the right to carry firearms in New York, signaling a favorable outcome for the industry in the aftermath of recent mass shootings with calls for more restrictive gun control laws.

Smith & Wesson Brands Inc. led the rally, jumping 9.6%, the most since June 2021, after the decision was made to strike down a New York law that required people to show a special need to carry a handgun in public. Sturm Ruger & Co. and Ammo Inc. advanced 4.3% each, while Vista Outdoor Inc. gained 2.9%.