US gun companies see share values fall

Read on the website Vestnik Kavkaza

 

The shootings at a Connecticut school last week have hit the shares of US gun companies.

Smith & Wesson lost 10% of capital last session. Its shares dropped to $7.79 per one. Sturm Ruger lost 7.7%, totaling $40.60 per share. Smith & Wesson's shares increased in price by 78% in 11 months 2012.

Cerberus is selling Freedom Group, because 20-year-old Lanza used the company's rifle to kill 20 children and six adults last week.