Shares of the US’s two largest gun companies fell more than 10% on Wednesday morning as investors bet that the huge surge in gun sales driven by fears of reform had ended. Under Barack Obama, gun companies have enjoyed record breaking sales and share price growth driven by fears that he would tighten rules on sales following a series of mass shootings. Gun sales have reliably spiked in the US after every mass shooting. Last year’s post-Thanksgiving Black Friday sales saw gun sales spike so sharply that the FBI clocked computerized background checks necessary for gun purchases at an average of two per second. Gun stocks reliably grow after mass shootings Gun stocks reliably grow after mass shootingsLarry Keane, the senior vice-president for government and public affairs at the National Shooting Sports Foundation (NSSF), a gun manufacturers’ lobby group, denied that there might be market challenges for gun companies under Trump.

Source: The Guardian November 09, 2016 16:36 UTC