Smith & Wesson's stock extends surge ahead of results
Smith & Wesson Holding Corp.'s stock jumped 4.5% in afternoon trade to a more than eight-year high, as investors awaited the gun maker's fiscal second-quarter results due after the closing bell. The stock has soared 16% amid a three-session win streak, with President Barack Obama's call for a modest reduction in the availability of firearms over the weekend helping fuel the gains, by sparking concerns about the potential supply of guns. The options market is prepared for the company's results to produce a lot of volatility in the stock.