Why Smith & Wesson Brands Shot 152% Higher in 2020

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Shares of Smith & Wesson Brands (NASDAQ: SWBI) soared 152% in 2020 as the firearms industry roared back to life and guns started flying off the shelves.

A convergence of events charged individuals into buying more firearms last year. The coronavirus pandemic caused people to worry about what food shortages might mean, which was followed by riots and civil unrest breaking out in numerous major American cities. 

Image source: Smith & Wesson Brands.

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