Gun-maker stocks rally after mass shooting in Las VegasSmith & Wesson parent American Outdoor shares jump nearly 4% in midday tradeBy TOMI KILGORE; REPORTER AND EDITOR
Published: Oct 2, 2017 11:56 a.m. ET
http://www.marketwatch.com/story/gun-maker-stocks-surge-after-mass-shooting-in-las-vegas-2017-10-02[...]
Smith & Wesson parent American Outdoor Brands Corp.’s stock AOBC, +3.74% jumped 3.8% in midday trade toward a three-week high, Sturm, Ruger & Co. Inc. shares RGR, +3.97% climbed 3.9% and Vista Outdoor Inc. shares VSTO, +2.83% ran up 3.0% toward a 6-week high.
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.
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. [...]
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