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Home>UPDATE: Gun-maker stocks rally after mass shooting in Las Vegas

UPDATE: Gun-maker stocks rally after mass shooting in Las Vegas

UPDATE: Gun-maker stocks rally after mass shooting in Las Vegas

10/03/2017

By Tomi Kilgore, MarketWatch

Smith & Wesson parent American Outdoor shares jump over 3% in afternoon trade

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) jumped 3.0% in afternoon trade. Volume topped 3.7 million shares, compared with the full-day average over the past 30 days of 2.1 million shares.

Sturm, Ruger & Co. Inc. shares (RGR) climbed 2.7% and Vista Outdoor Inc. shares (VSTO) ran up 1.8% toward a 6-week high.

Read: At least 58 killed and more than 515 injured in mass shooting at Las Vegas concert (http://www.marketwatch.com/story/reports-of-dead-injured-after-mass-shooting-at-las-vegas-concert-2017-10-02).

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 (http://www.marketwatch.com/story/american-outdoor-brands-shares-tank-as-gunmaker-swings-to-quarterly-loss-2017-09-07).

See also: Smith & Wesson's stock drops as Trump's surprise win saps demand (http://www.marketwatch.com/story/smith-wesson-makers-stock-drops-as-trumps-surprise-win-saps-demand-2017-03-03).

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