Loading ...Parts of old news 12/20/16: Stock Price $22/sh.
Smith & Wesson shareholders just overwhelmingly approved a change in the company’s name, so that on Jan. 1, the gunmaker will instead be called American Outdoor Brands. Since its corporate identity stretches all the way back to 1852
Stock price volatility in Smith & Wesson’s stock price that often follow mass shooting incidents. Over time, by calling itself American Outdoor Brands, Smith & Wesson may be able to disassociate its stock from the gun issue, even if it still primarily generates most of its revenues from their sale.
Since its guns will still be sold under the Smith & Wesson brand, the company shouldn’t lose out with the consumers who matters most to it — gun buyers — and the new corporate identity could open up to it a whole new customer base that won’t necessarily be put off by its relationship with firearms.
https://www.fool.com/investing/2016/12/20/why-smith-wesson-changed-to-american-outdoor-brand.aspx
Parts of new news:
American Outdoor Brands today announced that it will change its name BACK to Smith & Wesson Brands, Inc., effective June 1, 2020. Nasdaq Global Select exchange under the new ticker symbol ‘SWBI’ beginning at the market opening on Monday, June 1, 2020.
Firearms manufactures handgun, long gun, and suppressor products sold under the iconic Smith & Wesson®, M&P®, Thompson/Center Arms™, and Gemtech® brands, as well as provides forging, machining, and precision plastic injection molding services.
https://finance.yahoo.com/news/american-outdoor-brands-prepares-spin-200500475.html
Comment: Right after they ass kissed to public and removed Smith & Wesson from the name the stock kept trending down, to $6 recently, and they finally realized how STUPID they were and are changing it back to S&W. I was always a holder of that stock, and after seeing them kiss up to anti gun influence, I lost all respect. And never added any more shares.