Stock prices for companies that make and sell firearms are rising on President Barack Obama's call to Congress to pass an assault weapon ban.
Stocks for Sturm, Ruger, & Co. and Smith & Wesson rose about 4 percent on Wednesday, reports CNN
. Sturm, Ruger have risen 13 percent in the month since the shootings in Newtown, Conn. on Dec. 14.
Retailers specializing in guns also have seen their stocks rise. Cabela's stock went up 6 percent on Wednesday and is up 20 percent in the month since the school shootings. Dick's Sporting Goods also marked a 6 percent increase on Wednesday.
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Obama on Wednesday called for Congress to restore a ban on military-style assault weapons and to enforce a 10-round limit for magazines that expired in 2004.
Gun enthusiasts nationwide are stocking up on weapons in preparation for a potential ban on some weapons following the shootings in Newtown, Aurora, Colo. and elsewhere.
"Consumers are flocking to stores to purchase certain types of firearms, including assault rifles, in fears of some type of ban going forward," said Rommel Dionisio, gun industry analyst for Wedbush Securities. "It's people rushing to buy them before they're banned."
Dick's Sporting Goods last month suspended the sales of assault rifles.
Smtih & Wesson and Sturm, Ruger make several kinds of guns, including semiautomatic rifles.
Other companies that are not publicly traded, including Bushmaster Firearms International, also make military-style rifles.
A Bushmaster AR-15 rifle used by Newtown shooter Adam Lanza. A Bushmaster weapon also was used in Webster, N.Y., where a man set a house on fire then shot and killed two firefighters from among the departments responding to the blaze.
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