Vetr Crowd Upgrades Smith & Wesson To 3.5-Star Stock

Shares of Smith & Wesson Holding Corp SWHC were trading lower by 3.64 percent at $24.92 late Wednesday morning. Despite Wednesday's decline, Smith & Wesson's stock is higher by more than 40 percent over the past three months and higher by around 165 percent over the past year. The stock's ongoing momentum likely prompted the Vetr crowd to upgrade the stock's rating to 3.5-stars out of a possible 5-stars. Shares of Smith & Wesson has fallen to $25.86 since the prior rating of 3.0-stars was issued just two days ago. Despite an upgrade and ongoing momentum in the stock, 58 percent of the crowd's ratings are bearish. On the other hand, the crowd-sourced price target of $27.33 implies a potential upside of more than 10 percent. Cody Davis, a member of the Vetr crowd, noted that "people will buy guns while they still can." The crowd member was likely referring to President Obama's executive order on guns.