Smith & Wesson Brands, Inc. shares rise 1.33% after-hours following a favorable Second Amendment ruling.

Smith & Wesson Brands, Inc. rose 1.33% in after-hours trading, following a ruling by the Ninth Circuit that struck down California’s ammunition background check law as unconstitutional. This decision, which was applauded by GrabAGun Digital Holdings Inc., a competitor in the firearms and ammunition industry, likely boosted investor confidence in Smith & Wesson's market position and future prospects.