Smith & Wesson (SWHC +0.8%) gets whipsawed on heavy volume in afternoon trading on reports...

|By:, SA News Editor

Smith & Wesson (SWHC +0.8%) gets whipsawed on heavy volume in afternoon trading on reports of a $230M contract win from the U.S. Army that appears to be erroneous. An SWHC company spokesperson says that the contract award was for Smith & Wesson Security Solutions, which is a separate, stand-alone company.