Smith & Wesson Holding Corporation (SWHC) has risen sharply, recording gains of 19.87% in the past 4 weeks. However, the stock has corrected -2.48% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 6.46% and the 50-Day Moving Average is 16.35%.
Smith & Wesson Holding Corporation (NASDAQ:SWHC): The stock opened at $28.71 on Friday but the bulls could not build on the opening and the stock topped out at $28.93 for the day. The stock traded down to $27.36 during the day, due to lack of any buying support eventually closed down at $28.35 with a loss of -0.32% for the day. The stock had closed at $28.44 on the previous day. The total traded volume was 2,581,968 shares.
The company Insiders own 4.38% of Smith & Wesson Holding Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.65% . Institutional Investors own 71.97% of Smith & Wesson Holding Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -21.7%. In a related news, Furman John B, director of Smith & Wesson Holding Corp, unloaded 19,679 shares at an average price of $29.75 on July 8, 2016. The total amount of the transaction was worth $585,450, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.