The stock prices of the top 5 US gun- and ammo-makers rose the morning after a Texas school shooting that left at least 21 people dead – By Rosie Bradbury (Business Insider) / May 25, 2022
- A shooting at an elementary school in Uvalde, Texas, on Tuesday left at least 21 people dead.
- The stock prices of the top 5 US gun- and ammo-makers rose in early trading on Wednesday.
- Fear of gun control prompts Americans to stock up on guns and ammo, boosting manufacturers.
The stock prices of America’s five largest public gun- and ammunition-makers rose on Wednesday morning after a school shooting on Tuesday in Uvalde, Texas, left 19 children and 2 adults dead.
At 10:15 a.m. ET, Sturm, Ruger & Company, the largest public US gunmaker by value, was up 2.3%, with Smith & Wesson Brands, the second-largest, up 7.2%.
Americans tend to stock up on guns and ammunition when gun control returns to the political agenda. The stock prices of gun- and ammo-makers rose after the 2012 massacre at Sandy Hook Elementary School and the San Bernardino shooting in 2015.
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