Shares of Smith & Wesson and Sturm, Ruger & Company soared the day after the heinous Orlando terror attack.
MySanAntonio reports that Smith & Wesson jumped approximately 11 percent, while Ruger rose 8 percent. Similar surges have occurred after other high-profile attacks as citizens have rushed to buy guns during Obama’s presidency.
On December 7 — the day after Obama’s terrorism speech — gun stocks rose by similar numbers. NBC News’s Tom Winter, reported that Smith & Wesson stock rose 6.5 percent on December 7 and was “up nearly $2 in the [prior] week alone.” Market Watch reported that Smith & Wesson wasn’t alone. Sturm, Ruger & Co. rose over 7 percent on December 7, too.
These are best described as surges on top of surges, as “Smith & Wesson… climbed 116% [in 2015] and Sturm Ruger… jumped 69%” between January 1 and December 7, 2015.
KSL.com reported that, through October 2015, “Smith & Wesson and Sturm Ruger stocks… [gave] investors 300 percent of gains in the past five years. That’s over four times better than the return of the S&P 500. It’s even hotter than Apple’s 165 percent return over the same period.”
Smith & Wesson and Ruger are both makers of highly sought-after pistols and revolvers, and both companies make popular AR-15 rifles as well. Smith & Wesson’s line of M&P handguns are among the most popular concealed carry pistols in America, and Ruger changed the revolver world with the polymer LCR in .357 magnum.
AWR Hawkins is the Second Amendment columnist for Breitbart News and political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him directly at firstname.lastname@example.org.