Sturm, Ruger & Co. Plunges 10.38% as HighTower Advisors Cuts Stake
Generated by AI AgentAinvest Movers Radar
Friday, Apr 4, 2025 7:28 am ET1min read
On April 4, 2025, Sturm, Ruger & Company, Inc. experienced a significant drop of 10.38% in pre-market trading, indicating a notable shift in investor sentiment towards the firearms manufacturer.
HighTower Advisors LLC reduced its stake in Sturm, Ruger & Company, Inc. by 4.3% during the fourth quarter. This move suggests a strategic adjustment in the investment portfolio, potentially influenced by market conditions or internal reassessments. The reduction in holdings could signal a cautious approach towards the company's future prospects, which may have contributed to the recent stock price decline.
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