Diamonds and Dogs
Smith & Wesson Holding Corporation (SWHC)
Smith & Wesson is shooting higher today, up 16.47% to $11.67. The gun maker saw its shares explode after saying it saw recent positive trends in the consumer gun market which is likely to lead to higher sales for them. Because of the positive trends, Smith & Wesson raised it guidance. The company predicted it will generate sales of around $125 million in the quarter that ends January 31. That would easily exceed expectations from analysts for revenue of less than $118 million. Shares of Smith & Wesson climbed over $1.65 today, but are still below their 52-week low of $17.28.
Outerwall Inc. (OUTR)
Outerwall is crumbling today, down 20.21% to $62.05. The retail solution company (known for Coinstar and RedBox) saw its shares fall after news that its CEO was stepping down after less than two years on the job. CEO J. Scott Di Valerio was replaced today by board member Nora Denzel. Outerwall released updated fourth quarter revenue guidance today of between $598 million and $602 million that topped analysts' $596.3 million consensus estimates for the quarter. Although the revenue forecast is good, many investors are scared by the red flag of the CEO leaving. Shares of Outerwall fell over $15.70 today but stayed over $10 above its 52-week low of $51.17.
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