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“[But] this is my business: I’m a dairyman," he maintained, reportedly while inside a barn filled with about 50 dairy cows. As he gave the interview, he swept the floor with a push broom.

King declined to say just how many guns he sold but told the local outlet noted that the 600 suggested to the outlet by a tipster didn't sound right.

He added he didn't advertise the sale of his guns online and was not aware of how the ATF became aware of the activity. He said he primarily sold long guns to the Amish for hunting, but acknowledged that he sold some to non-Amish, as well.

“I was not dealing in handguns, positively not,” King said.

What else?

The case against King may not be as "open and shut" as it seems.

King claimed the government hasn't been able to tell him how many guns a person can sell or over what timeframe before a federal firearms license is required.

His complaint is valid.

A 15-page document posted to the bureau’s website titled, “Do I need a license to buy and sell firearms?” merely stipulates that the federal Gun Control Act "requires that persons who are engaged in the business of dealing in firearms be licensed by the bureau."

It adds that "determining whether you are ‘engaged in the business’ of dealing in firearms requires looking at the specific facts and circumstances of your activities" but notes no federal law sets a “‘bright-line’ rule for when a federal firearms license is required.”

"As a general rule, you will need a license if you repetitively buy and sell firearms with the principal motive of making a profit," the ATF document states before once again adding the caveat that a license is not required for someone who engages in the "occasional sales of firearms from your personal collection."

So which side of the law do King's activities fall under? That's the question that the ATF will have to answer.

Anything else?

Commenting on the news, writer for Bearing Arms Cam Edwards suggested that the number of guns sold in this case may be the pertinent factor.

"If it was anywhere close to 600, it’s going to be awfully hard to argue that this was just a hobby or a way for King to occasionally offload some of his collection," he said.

But on the other hand, if it's much lower than that, King's occasional gun sales argument may hold water — especially considering the wrinkle that effectively forces the Amish to buy guns from private dealers. Amish contend their religious beliefs prevent them from being photographed, but photo IDs are required when buying from a licensed dealer.

Furthermore, Edwards added that "the Biden administration has warned that it’s going after 'rogue gun dealers,' and while I don’t think busting an Amish farmer would be the public relations coup that Biden’s looking for, the ATF and DOJ could very well decide to make an example out of King if they have evidence he was selling a large number of firearms without obtaining an FFL."

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Stocks making the biggest moves midday: Target, Lowe's, TJX and more

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Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty Images

Check out the companies making headlines in midday trading.

Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles. Target posted an adjusted quarterly profit of $2.19 per share, below the $3.07 Refinitiv consensus estimate. The big-box retailer reported lower-than-expected sales of discretionary products.

Walmart – Walmart dropped 7%, falling for a second session after suffering its worst one-day loss since 1987 on Tuesday. Target's quarterly report echoed similar inflationary challenges Walmart reported in its disappointing first-quarter report Tuesday.

Lowe's – The home improvement retailer's shares fell 6.3% on the back of weaker-than-expected revenue for the first quarter. Lowe's posted revenue of $23.66 billion versus $23.76 expected, according to Refinitiv. Lowe's said cooler spring weather hurt demand for outdoor project supplies.

Dollar Tree, Costco – Retail names were dragged lower Wednesday by industry giants Target and Walmart, both of which reported struggling with rising costs and inventory woes. Dollar Tree shares tumbled more than 16%, Dollar General lost more than 11% and Costco slid about 12%.

TJX Companies – Shares of the retailer jumped 6.3% after the company reported quarterly earnings that beat analysts' estimates by about 8 cents per share, according to Refinitiv, as other retailers report seeing inflation cut into their profits.

Shoe Carnival – Shares rose 15.5% after the footwear retailer beat Wall Street expectations in its latest quarter. Shoe Carnival reported a quarterly profit of 95 cents per share, 9 cents above the Refinitiv consensus estimate. The company also raised its full-year outlook.

Container Store – Shares gained 8.7% after the storage and organization products retailer posted better-than-expected profit and revenue for its latest quarter. The container Store also said it aimed to reach $2 billion in annual sales by 2027.

Doximity – The cloud-based platform dropped 11.3% after issuing a current-quarter revenue forecast below Wall Street estimates.

Warby Parker – The stock dipped 9.3% after Goldman downgraded Warby Parker to neutral from buy. Goldman said it sees a longer path to growth for the eyewear retailer, which reported lower-than-expected quarterly earnings earlier this week.

— CNBC's Tanaya Macheel contributed reporting

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