Gun sales and stocks drop as big companies and individuals review investments
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American Outdoor Brands, formerly known as Smith & Wesson, will report earnings after markets close today. The gun-maker’s stock price fell to a five-year low yesterday after Dick’s Sporting Goods said it would stop selling assault-style rifles. After the deadly high school shooting in Florida, many companies and consumers are looking to distance themselves from gun-makers, but that’s easier said than done. Divesting from firearms manufacturers takes time, and many people aren’t even aware they own gun stock.
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