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Gun stocks surge as Hillary Clinton and Barack Obama call for tougher laws

Discussion in 'Market News' started by Lily, Oct 7, 2015.

  1. Lily

    Lily Forum Member

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    Investors expected an increase in gun sales after Clinton unveiled a plan calling for tougher background checks and Obama also renewed his calls for laws

    Renewed calls for tougher gun control laws sent gun stocks surging on Monday as investors expected an increase in gun sales. The value of Smith & Wesson’s shares went up by 7.29% and Sturm, Ruger & Co increased by 2.75%.

    It was another good day for gun stock investors. Overall this year, the value of Smith & Wesson’s shares has increased by more than 80% and that of Sturm, Ruger increased by more than 60% – making them some of the best-performing stocks of 2015.

    Related: Hillary Clinton unveils plan for tougher checks in bid to reduce gun violence

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