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Wednesday, February 28, 2018

Gunmaker stocks drop after Dick's Sporting Good bans AR-15 sales -- while Dick's share prices rise

Gunmaker stocks drop after Dick's Sporting Good bans AR-15 sales -- while Dick's share prices rise

Gunmaker stock prices fell on Wednesday after Dick's Sporting Goods announced that it would ban the sale of military-style assault rifles. In a statement this week, Dick's CEO Edward Stack issued a statement saying that "Thoughts and prayers are not enough. ... We will no longer sell assault-style rifles, also referred to as modern sporting rifles."

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