U.S. Firearm Makers’ Shares Surge in the Wake of Orlando Shooting
June 14, 2016 6:51 am
Shares of U.S. firearm makers rose on Monday due to revived fears of stricter gun control after the biggest mass shooting in Orlando that killed 50 and injured 53 people, resulting in expectations of higher sales in firearms.
Smith & Wesson Holding Corp.’s shares jumped as much as 11.6%, while Sturm Ruger & Co Inc raised by 10.7%. In the late afternoon, Smith & Wesson shares rose up to 6.6% at $22.82 while Sturm Ruger’s shares increased 8.3% at $62.16. However, many gun shop owners and managers stated that there is no apparent increase in sales for guns or ammunition after the shooting and predicted that people are most likely waiting for the government’s response. The material has been provided by InstaForex Company – www.instaforex.com
Shares of U.S. firearm makers rose on Monday due to revived fears of stricter gun control after the biggest mass shooting in Orlando that killed 50 and injured 53 people, resulting in expectations of higher sales in firearms.
Smith & Wesson Holding Corp.’s shares jumped as much as 11.6%, while Sturm Ruger & Co Inc raised by 10.7%. In the late afternoon, Smith & Wesson shares rose up to 6.6% at $22.82 while Sturm Ruger’s shares increased 8.3% at $62.16. However, many gun shop owners and managers stated that there is no apparent increase in sales for guns or ammunition after the shooting and predicted that people are most likely waiting for the government’s response.
The material has been provided by InstaForex Company – www.instaforex.com
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