Business

Mass. Movers

Smith & Wesson Holding Corp.

Smith & Wesson stock more than doubled this year; Sturm Ruger & Co., a Connecticut gunmaker, has gained 35 percent.

Gwinnett Daily Post via AP

Smith & Wesson stock more than doubled this year; Sturm Ruger & Co., a Connecticut gunmaker, has gained 35 percent.

Advertisement

Springfield-based Smith & Wesson Holding Corp. climbed the most in two months to lead a rally of firearms manufacturers as traders speculated that President Obama’s reelection will spur gun sales. After sidestepping gun-control issues in his first term, Obama last month said he would consider reintroducing a ban on civilian purchases of military-style assault weapons. Firearm sales have grown 10 percent annually since 2008, when Obama was first elected, compared with a 7 percent rate from 2001 to 2007, according to Benchmark Co.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com