Smith & Wesson, Gunmakers Rally After Obama Re-Elected

Smith & Wesson, Gunmakers Rally After Obama Re-Elected – Smith & Wesson Holding Corp. (SWHC) climbed the most in two months to lead a rally among firearms manufacturers as traders speculated that President Barack Obama’s re-election will spur gun sales. Smith & Wesson, a maker of pistols and rifles, jumped 7.8 percent to $10.20 at 11:51 a.m. in New York following an 11 percent gain that was the biggest in intraday trading since Sept. 7. Sturm Ruger & Co. (RGR) rose 5.5 percent to $47.10.