Abstract: An apparatus for shearing extruded stock includes a stationary die and a rotatable die mounted adjacent one another wherein the rotatable die moves through a limited angle of rotation through the operation of a cam acting on a lever linked to the spindle in which the rotatable die is mounted. The cam undergoes a full 360.degree. of rotation although the rotatable die undergoes a limited angle of rotation. A spring or regulated pneumatic cylinder is provided to bias the rotatable die to the home position after cutting of the extruded stock.