Firearm, Ammunition Stocks Soar in Wake of Texas School Shooting

Contact Your Elected Officials
The Epoch Times Header

Shares of a number of firearm and ammunition manufacturers have risen sharply since the deadly mass shooting at an elementary school in Uvalde, Texas, on May 24.

Smith & Wesson Brands stock rose 8.4 percent in the two days following the shooting incident which left 19 children and two adults dead, according to The Washington Post.

Shares of Sturm, Ruger & Co., the largest U.S. gun manufacturer by market cap, jumped about 5.7 percent, and ammunition maker Olin 3.8 percent. Meanwhile, Ammo Inc. stock surged more than 12 percent in the wake of the shooting.

Elsewhere, stocks of ammunition maker Vista Outdoor jumped 9 percent to $38.24 the day after the shooting, while American Outdoor Brands rose 6 percent to $11.12, according to The New York Post.

The rise in stock price comes amid renewed calls for gun control measures such as enhanced background checks and laws around storing weapons.

It also suggests that investors anticipate sales to rise as customers flock to gun stores to purchase new weapons and stock up on ammunition before tighter gun control legislation is potentially introduced.

A similar phenomenon with regards to a rise in the stock prices of gunmakers took place 2016, when Smith & Wesson jumped 20 percent after a gunman killed 49 people at an Orlando nightclub, according to The Washington Post.

In 2019, following mass shootings in Dayton, Ohio, and El Paso, which prompted former President Donald Trump to advocate stricter background check laws, stock prices of gunmakers also saw a boost.

Shares ofย gun makers also rose ahead of the 2020ย presidential election when then-Democratic candidate Joe Biden was shown to be leading in the polls amid the prospect of stricter gun regulation.

โ€œThe typical hypothesis is that this is an exogenous shock, unanticipated, and as a result of a mass shooting, the reaction is there is an expectation that legislative steps will be undertaken to potentially restrict ammunition, access to guns,โ€ Brian Marks, the executive director of the University of New Havenโ€™s Entrepreneurship and Innovation Program, told theย Washington Examiner.

Biden condemned gun laws inย America in aย White House addressย a day after the Uvalde, while calling on lawmakers to โ€œstand up to a very powerfulโ€ gun lobby.

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

AI is Now an Existential Threat

We now see evidence that artificial intelligence is an existential threat to our future. It is coming to take American jobs!

With or without

The mullahs of Iran have been at war with the West, particularly the US, for half a century and Iran is also the worldโ€™s foremost champion of terrorism.

Artificial Intelligence Equals Awful Iniquities

WSJ article โ€œAI is Learning to Escape Human Controlโ€ said in 79 of 100 trials, the o3 AI code systems edited their own code to prevent human shutdown!

VIDEO: Deranged Feminist vs. Mating Ducks in Epic Public Meltdown

A middle-aged white lady lib harasses mating ducks to โ€œstop it!โ€ because the rough sex they enjoy appears non-consensual on the part of the female.

RFK Jr. Slashes ALL U.S. Funding For Bill Gatesโ€™ Global โ€˜Vaccine Allianceโ€™

Robert F. Kennedy, Jr. recently pulled all U.S. government funding from Bill Gatesโ€™ Global โ€˜Vaccine Allianceโ€™ GAVI.

Musk Again Wades Into Politics, Calls GOP Bill โ€˜Insane and Destructiveโ€™

โ€œThe latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!โ€ Musk wrote in a Saturday post on X.

Nevada Seen as Case Study in Rapid Urban Sprawl Amid a Water Crisis

Nevadaโ€™s rapidly growing population has reached a critical intersection with the regionโ€™s worsening water crisis, according to experts.

US Streamlines Rule for Fining Illegal Immigrants, Will Issue Nearly $1,000 Daily Fines for Noncompliance

DHS and DOJ announced a new joint federal rule that streamlines the process of issuing fines for illegal immigrants, making it easier and more efficient.

Man Indicted on 12 Hate Crime Charges in Attack on Boulder Demonstration for Israeli Hostages

Boulder, CO man accused of hurling Molotov cocktails at demonstrators supporting Israeli hostages indicted by grand jury on 12 hate crime counts.

Canada-US Trade Talks Will End Until โ€˜Certain Taxesโ€™ Are Dropped, Trump Stresses

Trade discussions between Canada and the United States will end โ€œuntil such time as they drop certain taxes,โ€ U.S. President Trump said in an interview.

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

President Donald Trump said Sunday he will soon send letters to trading partners detailing the tariffs to be imposed on their exports to the United States.

Trump Says He Found a Buyer for TikTok

President Trump said he found a buyer for the Chinese-owned short video application TikTok, and that he will reveal the group in roughly two weeks.

Termination of โ€˜Wasteful Contractsโ€™ Saves US Government $470 Million Last Week: DOGE

Over the past seven days, various government agencies have terminated 312 โ€œwasteful contractsโ€ with a ceiling value of $2.8 billion, the DOGE said.
spot_img

Related Articles