Gun stocks rise after mass shootings and Trump’s call for stronger background checks
Stocks of publicly traded gun companies rose Monday, following calls for stricter gun laws after two more deadly mass shootings in the United States over the weekend.
Shares of American Outdoor Brands (AOBC), formerly known as Smith & Wesson, rose 3% while Sturm, Ruger & Co. (RGR) was up 2%, even as the broader market plunged on growing trade tension between the United States and China. Vista Outdoor (VSTO), a maker of ammunition, also gained slightly.
President Trump said in a tweet Monday that “Republicans and Democrats must come together and get strong background checks” following the killings at a Walmart in El Paso, Texas, and near a bar in Dayton, Ohio.