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Smith & Wesson (SWHC) Looks to Change Name

NEW YORK (TheStreet) -- Shares of Smith & Wesson (SWHC) were higher in late morning trading on Tuesday, after the gun maker announced on Monday that it's seeking to change its name to 'The American Outdoor Brands Corporation,' which will trade under the ticker AOBC on the NASDAQ.

The name might appear "dull," but the company said that its best-selling hand guns will still bear the historical Smith & Wesson name, Fox Business' Ashley Webster said on Tuesday morning's "Varney & Company."

The company wants to change its name to something more broad because it sells more than just handguns, Webster noted. Smith & Wesson sells hunting knives, camping equipment, flashlights and much more. "They wanted a name that better...