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10/03/2017 4:24 am  #1

Gun stocks higher after Las Vegas shooting

Gun stocks higher after Las Vegas shooting
By Matthew Rocco  Published October 02, 2017 Stocks  FOXBusiness Opens a New Window.

Shares of Sturm Ruger (RGR) and American Outdoor Brands (AOBC), the parent company of Smith & Wesson, climbed 6.2% in recent trading. Vista Outdoor (VSTO), which makes firearm accessories and ammunition, was up 3.1%. Olin Corp. (OLN), a chemicals company that also makes ammunition, traded 5.1% higher.

Historically, U.S. gun sales have spiked following terrorist attacks and mass shootings. Manufacturers have said sales activity increased after the Orlando nightclub shooting in 2016 and recent terrorist attacks in Europe.

Gun makers such as Smith & Wesson have seen weaker consumer demand this year. In 2016, sales got a boost from the presidential election campaigns. The FBI processed a record number of background checks last year.

"On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”

10/03/2017 8:05 am  #2

Re: Gun stocks higher after Las Vegas shooting

Fear sells and THAT is precisely what the gun manufactures live off of. 

"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"

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