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.
Hillary Clinton unveils plan for tougher checks in bid to reduce gun violence
Monday’s rally in gun stocks came hours after Hillary Clinton, the former secretary of state and the Democratic candidate for the president, unveiled a plan calling for tougher background checks at gun shows and online than those currently in place.
“We need universal background checks,” Clinton said at the New Hampshire town hall. “We know that they will work.”
Obama also renewed his calls for tougher gun control laws on Thursday, after a deadly shooting at Umpqua Community College in Oregon.