SWBI - Smith & Wesson Stock Starts Wednesday With A Bang: What's Going On? | Benzinga
Shares of U.S. firearms manufacturer Smith & Wesson Brands Inc (NASDAQ: SWBI) shot higher in early trading Wednesday before cooling off a bit. A new stock repurchase program is behind the pop.
What Happened: Smith & Wesson's board authorized a new buyback of up to $50 million. The repurchases can be made on the open market, in block trades ...