June background checks -41% YOY

[glenwolde]

June 2021 background checks fell 41% from June 2020. But it was still the second highest June on record, exceeded only by June 2020.

Maybe that's a sign we're starting to get back to normal. S&W stock took a hit on the news.

"Background checks on handguns, which represent 78% of Smith & Wesson's firearm sales, were down 47% year over year last month, while the figure for long guns was down 35%. Cowen analyst Cai von Rumohr said fewer people may be buying a gun as personal protection for the first time, but he also noted that a surge in sales last June established an unusually high reference point. Background checks for handguns in June 2020 were 178% higher than in June 2019."

From Barron's which has a paywall.

Smith & Wesson Stock Drops as Gun-Sale Background Checks Plunge Year Over Year | Barron's

 

[LVSteve]

Which just goes to show what a crock parts of our economic system are. The fact that S&W cannot repeat last year's exceptional sales is a reason to dump the stock? All while S&W are still selling record numbers of guns? Gimme a break.

 

[kaaskop49]

Which just goes to show what a crock parts of our economic system are. The fact that S&W cannot repeat last year's exceptional sales is a reason to dump the stock? All while S&W are still selling record numbers of guns? Gimme a break.

I refuse to listen to these "crepe hangers", as my Dad would call them. I listen to no stock tips. I let my broker for the past 39 years consult the firm's staff professionals. They buy and sell accordingly, but not on panic.

Kaaskop49
Shield #5103

 

[two-bit cowboy]

Thanks to my concealed firearms permit I've never undergone a background check.

I wonder how many purchases were made by folks like me. We'll never know, and neither will "they."

 

[CAJUNLAWYER]

I refuse to listen to these "crepe hangers", as my Dad would call them. I listen to no stock tips. I let my broker for the past 39 years consult the firm's staff professionals. They buy and sell accordingly, but not on panic.

Kaaskop49
Shield #5103

I've found that trading on insider tips works well also
In all seriousness, one technique that has never failed me is to buy low and sell high