Volume Spike Investor

Smith & Wesson Holding Corp. (NASDAQ: SWHC) is up big pre-market and continuing the after-hours surge on earnings. The gun maker’s profit jumped to $12.6 million, or $0.21 EPS vs. $0.05 EPS a year ago as its revenue rose to $102.2 million from $78.5 million last year. Analysts were looking for a mere $0.10 or $0.12 EPS.  At 8:25 AM EST we have seen some 98,000 shares trade hands versus an average daily volume of 1.6 million shares and the stock is up 13% at $6.35.  The 52-week high is $7.52.

Be advised that the 6PM shut off time for after-hours showed that S&W traded 1.15 million shares and was up 15.86% at $6.50, so that may be a bogey or barometer for the day’s actual move if the overall market cooperates.

For a secondary gun play, we’d look at Sturm, Ruger & Co., Inc.  (NYSE: RGR)…. So far we have seen no volume in this secondary trade name this morning.

JON OGG