×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Gun Control | Gun Rights | firearms | gun | stocks | share prices | control

Firearms Stocks Rise as Mass Shootings Renew Gun-Control Demands

Firearms Stocks Rise as Mass Shootings Renew Gun-Control Demands
(Aleksandr Kichigin/Dreamstime)

Monday, 05 August 2019 12:05 PM

Shares of U.S. gunmakers rose Monday, bucking declines in the broader market, amid renewed calls for gun control measures following mass shootings in Texas and Ohio over the weekend.

Gun company stocks have typically traded higher after mass shootings as consumers may step up purchases to get ahead of potential regulatory changes that could make it more difficult to obtain guns.

President Donald Trump earlier this morning tweeted about linking “strong background checks” and immigration reforms, although he didn’t discuss gun control in later remarks on the shootings.

American Outdoor Brands Corp. (AOBC), which makes Smith & Wesson firearms, rose as much as 7.5%, while Sturm Ruger & Co. Inc. (RGR) rose 3.8%.

Ammunition maker Vista Outdoor Inc. (VSTO) gained as much as 2% earlier. The S&P 500 Index fell 2.3% on rising trade tensions between the U.S. and China

Michael Bloomberg, founder of Bloomberg LP, serves on the advisory board of Everytown for Gun Safety, which advocates stiffer firearm legislation.

© Copyright 2021 Bloomberg News. All rights reserved.


StreetTalk
Shares of U.S. gunmakers rose Monday, bucking declines in the broader market, amid renewed calls for gun control measures following mass shootings in Texas and Ohio over the weekend.
firearms, gun, stocks, share prices, control, shootings
162
2019-05-05
Monday, 05 August 2019 12:05 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved