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Americans are buying fewer guns

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Friday, June 20, 2014

CNN: Smith & Wesson shares plunged nearly 10%, a result of fewer Americans purchasing rifles.

But there are still signs of growth. Smith & Wesson reported a hefty increase in handgun sales, buoyed by growing consumer interest in self-defense. Chief Executive Officer James Debney said Thursday that unit sales for handguns jumped 30% in the most recent quarter.

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