Gun stocks rally after Obama’s prime-time address on terrorism

by Steve Goldstein  |  published on December 7, 2015

Shares of the two publicly traded gun makers rallied on Monday, a day after President Barack Obama gave a prime-time address calling for a modest reduction in the availability of firearms.

Smith & Wesson SWHC, +1.27% closed 8% higher and Sturm Ruger & Co. RGR, +5.85% rose 6% on Monday.

Smith & Wesson has climbed 116% this year, and Sturm Ruger has jumped 66%.

Obama on Sunday night said no one on the no-fly list should be able to buy a gun and that it should be harder for people to buy powerful assault weapons like the ones used in the San Bernardino massacre.

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