Smith & Wesson shares have soared to their highest level in more than a decade as Barack Obama tearfully announced new restrictions on gun sales designed to reduce the nation’s epidemic of mass shootings. Shares in Smith & Wesson rose by more than 11% on Tuesday to end the day at a new high of $25.86 after the world’s biggest gun company told investors that it expected bumper sales, as consumers have rushed out to buy more guns while politicians debate gun control legislation. It said sales had been so strong in the wake of the San Bernardino massacre, which left 14 people dead last month, that some ... (full story)