Gun Stocks Are Up Sharply. You Know Why. - News Summed Up

Gun Stocks Are Up Sharply. You Know Why.


Gun stocks trended sharply higher Monday morning, a day after the deadliest mass shooting in American history killed 49 people and wounded 53 more at a gay nightclub in Orlando. A shooting early last December at a social services center in San Bernardino, California, left 14 dead and 21 wounded. 1 driver of firearms sales is fear," Brian Ruttenbur, an analyst at BB&T Capital Markets, told Bloomberg in December, after the San Bernardino shooting. Given the increased frequency of these types of attacks, at this point, the sad correlation between mass shootings and gun manufacturers' stock prices surprises no one -- not even the gun manufacturers themselves. Bloomberg via Getty Images AR-15 rifles are displayed at the NRA annual meeting in Louisville, Kentucky, on May 20, 2016.


Source: Huffington Post June 13, 2016 16:30 UTC



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