Gunmaker American Outdoor Brands jumps over 20 percent on earnings


Shares of the company closed at $9.77 on Thursday after falling more than 3 percent during the trading day.

The stock is down almost 24 percent this year, amid a national climate roiled by mass shootings that has put pressure on Wall Street to scale back its role in the firearms industry.

Gun control activists have called for a boycott of investment managers Vanguard and BlackRock, which are the largest owners of several publicly traded firearms manufacturers due to their exchange-traded funds. In April, BlackRock introduced new exchange-traded funds that excluded stocks of gun manufacturers and retailers, including American Outdoor Brands.

Source link

Products You May Like

Articles You May Like

Stocks rally on US-China trade deal but bond investors fear recession
Fears of Amazon appear overblown as companies that fretted competition went on to beat market
CVS Health Q4 2018 earnings are mixed, stock plunges
How my father’s mistakes inspired me to buy stocks
Here’s what to do if you can’t pay that surprise tax bill by April 15

Leave a Reply

Your email address will not be published. Required fields are marked *