The free market responds to the gun industry's excellent work today.
http://www.marketwatch.com/story/gun-maker-stocks-surge-after-mass-shooting-in-las-vegas-2017-10-02
[h=1]Gun-maker stocks rally after mass shooting in Las Vegas[/h]
[h=2]Smith & Wesson parent American Outdoor shares jump nearly 4% in midday trade[/h]
Shares of gun makers rallied Monday, in the wake of what has been described as the deadliest mass shooting on U.S. soil.
Smith & Wesson parent American Outdoor Brands Corp.’s stock
AOBC, +3.67% jumped 3.8% in midday trade toward a three-week high, Sturm, Ruger & Co. Inc. shares
RGR, +4.04% climbed 3.9% and Vista Outdoor Inc. shares
VSTO, +2.62% ran up 3.0% toward a 6-week high.
Read:
More than 50 killed in mass shooting at Las Vegas concert.
Analysts say the regulatory environment is among the biggest drivers of demand for guns, as fears of tighter regulation have boosted gun sales and share prices in the past. Since President Trump was elected, however, fears of tighter regulations have faded and
share prices have dropped.
See also:
Smith & Wesson’s stock drops as Trump’s surprise win saps demand.
American Outdoor’s stock had tumbled 46% since the election through Friday, and closed at a 2 ½-year low of $13.31 as recently as Sept. 11.
Sturm, Ruger shares had shed 20% since the election, and had also hit a roughly 2 ½-year low in September. Vista Outdoor’s stock, which hit a record low in April, had plunged 40% since the election.