Sturm Ruger Wounded For Second Day In A Row
Sturm Ruger (NYSE: RGR) shares are trading lower by $6.05 at $48.49 in Thursday’s session. One day removed from a Q3 EPS miss of $0.08 on slightly lower revenues, the issue is being bombarded by sellers. The onslaught began off the opening bell as the issue opened $2 lower ($52.53), which turned out to be the high for the session. So far, it has reached $48.10 and is trading far from that level. That marks the lowest level for the issue since it bottomed in April at $47.38.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.
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