Gun shares, volatile after Orlando killing, rise ahead of Smith & Wesson report

[Judi Lynn]

Source: Reuters

Gun shares, volatile after Orlando killing, rise ahead of Smith & Wesson report

By Noel Randewich

June 16, 2016

SAN FRANCISCO (Reuters) - Shares of firearm makers rose on Thursday ahead of Smith & Wesson Holding's quarterly report, following volatility this week after a shooting attack that killed 49 people at a gay nightclub in Orlando.

In a familiar stock market reaction, Smith & Wesson and rival Sturm Ruger & Co spiked as much as 11 percent on Monday after the massacre on Sunday, the deadliest mass shooting in modern U.S. history. Shares have since given back most of those gains.

Ahead of Smith & Wesson's quarterly report after the market close, its shares gained as much as 2 percent while Sturm Ruger rose 1 percent.

Shares of Smith & Wesson have surged 37 percent in the past year, partly because of mass shootings including one last December in San Bernardino, California that increased calls for gun control.


Read more: https://www.yahoo.com/news/gun-shares-volatile-orlando-killing-rise-ahead-smith-194413637--sector.html?nhp=1

[ErikJ]

1. Need to take the profit motive out of gun sales

somehow. Companies profiting off national terrorism just doesnt sound right.

[LongTomH]

2. Sometimes, I'd like to believe there's a Circle of Hell for people who profit from death!

[Midnight Writer]

3. Hmmm. Murder leads to profits. War leads to profits. Chaos leads to profits. I wonder...

Why we have so much murder, war and chaos around the world?