Why Ammo Stock Went "Poww!" Today

Shares of ammunition manufacturer Ammo, Inc. (NASDAQ:POWW) — the company that sounds like a Looney Tunes villain — lived up to their ticker name today. In 3 p.m. EDT trading, Ammo stock exploded higher by a lucky 7.7%.

Credit for the stock price rise comes from two sources: investment bank Lake Street Capital, which raised its price target on Ammo stock to $12 today; and Ammo, Inc., itself — which inspired the upgrade with a bang-up earnings report on Monday.

Leave a Reply

Your email address will not be published.