Smith & Wesson Stock Jumps Nearly 30% This Past Friday

By Editor

On Friday, March 8, 2024, Smith & Wesson Brands, Inc. (NASDAQ: SWBI) stock had a HUGE increase, with the SWBI stock price rising 29.39%. That’s a massive gain in a single day. Why the huge price spike? S&W sales volumes and revenues were up — WAY up. The latest corporate report revealed big revenue gains in Q3 2024, which dramatically out-paced expectations. Interestingly, S&W’s major revenue gains were from increased long gun sales, not more pistol sales. In addition, experts predict a big increase in overall gun sales during this election year, as buyers fear new restrictive gun laws.
Yahoo Finance reported: “Shares of Smith & Wesson Brands (SWBI) soared on better-than-expected third-quarter results. CEO Mark Smith said … that the company expects ‘the firearm market to experience healthy demand through the 2024 election cycle’. [SWBI] stock was also upgraded to Buy from Hold at Craig-Hallum, which argues the company is entering the election cycle in ‘optimal position’.”
Click Image Below to View Smith & Wesson Stock Price Analysis Video Report:

Yahoo Finance’s Josh Lipton and Julie Hyman discussed the stock’s surge in a 3/8/2024 Yahoo Finance Live webcast. Here is a partial transcript from that Yahoo Finance video:
JOSH LIPTON: We’re going to

Source: Accurate Shooter