Volume Spike Investor

Smith & Wesson Holding Corp. (NASDAQ: SWHC) was hit pretty hard in Barron’s over the weekend along with Sturm, Ruger & Co. Inc. (NYSE: RGR).  The weekly publication noted that shares are likely to get shot down as gun sales will slow, yet this is after a 20%+ gain on Friday on eight-times volume that same day. As a reminder formal earnings are today from Smith & Wesson, although it already gave rough guidance last week on its buyout news.  Smith & Wesson is down 2.5% at $5.88 on the report and as of 10:10 AM EST we have seen 1.25 million shares trade hands.  A full day is normally only 1.5 million shares.  RGR shares are down 3.5% at $12.29 as it was also targeted by the Barron’s article. -Mike Tarsala