Gunmaker American Outdoor Brands jumps over 20 percent on earnings

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

Most US cannabis stores are ‘underperforming’
JP Morgan CEO Jamie Dimon bets on Silicon Valley with ‘fintech campus’
Trump-approved boycott of Harley taking a toll as trade-ins rise
Strong economy drives performance in high yield bonds, leveraged loans
Crypto exchange opens Dublin office as Brexit looms

Leave a Reply

Your email address will not be published.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