Midday movers: Smith & Wesson, Arbitron

Stocks are higher as optimism surrounding the fiscal cliff negotiations continues to spur buying.

By MSN Money Partner Dec 18, 2012 2:29PM
Image, Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Gunmakers Smith & Wesson (SWHC) and Sturm, Ruger (RGR) continued their recent weakness as a Wall Street Journal cover story highlighted some of the ways American companies are distancing themselves from guns and their makers in the aftermath of last week's tragedy in Connecticut.

 Among the recent developments, private equity firm Cerberus Capital Management decided to put gunmaker Freedom Group up for sale.

Among the notable market gainers Tuesday was Arbitron (ARB), up over 23% after agreeing to be bought by Nielsen (NLSN) for $48 per share in cash. Shares of acquirer Nielsen also rose about 3%. 

Among the noteworthy losers was Galena Biopharma (GALE), down 17% after it sold common stock and warrants to purchase additional shares in a public offering. 

Also lower was GT Advanced Technologies (GTAT), which was downgraded at Raymond James and Stifel Nicolaus and saw its shares slide more than 12% after issuing guidance well below Street expectations.
3Comments
Dec 18, 2012 3:12PM
avatar
Time to buy the gun makers.... All this  talk about banning guns should propel sales through the roof as America continues to arm itself for the pending economic collapse that Obama's socialist policies will insure....

I bet gun shops are flooded with new orders.   

Let the liberals be the ones that are unarmed!
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