Why Shares of Smith & Wesson Are Getting Crushed Today
On a day when many stocks are down, investors in Smith & Wesson Brands (NASDAQ: SWBI) are seeing red. As of 12:15 p.m. ET, shares are down 29.3%.
Investors are clicking the sell button today in response to the fiscal second-quarter earnings report, which the company released yesterday after the market closed. But that's not the only catalyst for investors' chagrin; Wall Street's critical take on the stock is providing additional fodder for the bears.
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Source Fool.com