Smith & Wesson Holding Corporation (NASDAQ:SWHC) has climbed 10.46% in the past week and advanced 2.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 11.79% and the outperformance has advanced to 1.23% for the last 4 weeks period.
Smith & Wesson Holding Corporation (NASDAQ:SWHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.11 and $23.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.65, notching a gain of 8.74% for the day. The total traded volume was 11,673,161 . The stock had closed at $21.75 on the previous day.
The company shares have rallied 41.03% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $30.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $22.83 and the 200 Day Moving Average price is recorded at $23.22.
On the companys insider trading activities,The officer (See remarks.) of Smith & Wesson Holding Corp, Smith Mark Peter sold 3,876 shares at $22.35 on April 27, 2016. The Insider selling transaction had a total value worth of $86,629. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Cowen & Company upgrades their rating on the shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $28 per share from $29 per share. The rating by the firm was issued on June 17, 2016. Currently 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 -12.49% . Institutional Investors own 73.07% of Smith & Wesson Holding Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -25.58%.
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.