I cannot believe some of these numbers! Will the trend continue?
In the early hours of yesterday morning, a shooter killed 49 people in a gay nightclub in Orlando, Florida. The reactions were swift, plentiful, and varied. For instance, editors at some newspapers focused on the threat of radical Islamic terrorism while others focused on gun control. Still, others have reacted by buying shares of gun companies.
According to Fox Business, “Smith & Wesson rallied 6.9% to $22.88, and Ruger jumped 7.9% to $61.93. Vista Outdoor (VSTO), which owns Savage Arms and Federal Premium ammunition, rose 2.3% to $48.11.”
Both of those companies manufacture a type of AR-15, which is the model of weapon used by the gunman on Saturday morning.