Alex Yablon of The Trace has this, a story about sinking gun sales that includes this:
Smith & Wesson stock tumbled this week after three different investment analysts downgraded the gun manufacturer in response to new FBI figures detailing the number of gun background checks conducted in March.
This despite the fact that
last month was the busiest March on record for the FBI’s background check system, or NICS, with more than 2.5 million transactions processed. It follows nearly a year of blockbuster background check totals, including December 2015, which smashed the FBI’s all-time single-month background check record. But March’s numbers, while historically huge, fell relative to February (2.6 million), and marked the third month-over-month decline in checks since December 2015. The sustained drop in background checks has lead analysts to ask if the past year of surging gun sales is running out of momentum.