Thanks, CNBC: Smith & Wesson Spikes After Broadcast Mention

Smith & Wesson Holding Corp SWHC closed higher by 6.3 percent after a recent broadcast mention by CNBC. The mention gave investors a green light to purchase Smith & Wesson.

The company reported a fiscal second-quarter net income of $12.5 million on Tuesday.

The firearms maker posted better-than-expected earnings, as investors followed the gun control debate. President Barack Obama and Democratic presidential front-runner Hillary Clinton were key drivers to spurring the company's sales revenues. The recent Paris and San Bernardino terrorist attacks have 2nd Amendment supporters investing in their supplies. Smith & Wesson was able to boost its revenue outlook for its fiscal year to nearly $635 million.

The company's shares have a tendency to have its shares spike with the mass shooting incidents. This has created even larger demand for gun control. As a result, consumers are motivated to stock up on their firearms during this time period. 2nd Amendment supporters have expressed their concerns and are worried of their rights being taken away by politicians.

The Springfield, Massachusetts-based earnings, adjusted for one-time gains and costs, came to $0.25 per share, exceeding investors expectations.

Smith & Wesson's distance from 50-day simple moving average is 4.16 percent.