Industry News
RUGER BACKLOG LATEST EVIDENCE OF STRONG INDUSTRY SALES
Sturm, Ruger & Co. (NYSE:RGR) announced Wednesday that it received orders for more than one million units in the first quarter and that the company has temporarily suspended the acceptance of new orders. The announcement sent Ruger shares up about 13 percent in trading Thursday, while shares of Smith & Wesson (NASDAQ:SWHC) rose about 11 percent.
(Read more from The Wall Street Journal's MarketWatch.)
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