A preliminary investigation indicated that four unidentified men robbed the victim's cousin of a Rolex watch reportedly valued at $25,000, police said.
An additional suspect approached the 25-year-old man on a bicycle and pointed a handgun at him, according to investigators.
Police said the man, who is licensed to carry a gun, drew his weapon to defend himself and his cousin. His firearm malfunctioned, however, and he was shot.
The suspects fled eastbound on Juniata Street. Police recovered the victim's gun at the scene.
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