Gun And Ammo Stocks Soar After Texas Mass Shooting

Quartz reports:

Gun and ammo stocks tend to rise after the most widely-covered mass shootings. Today was no exception. Shares of top gun and ammunition companies soared the morning after a school shooting in Uvalde, Texas that left at least 20 people dead.

Investors anticipate that the violence — and the political rhetoric about gun control that inevitably follows — will prompt more people to buy guns and stock up on ammunition in the belief that lawmakers will soon enact stricter restrictions on gun sales.

The opposite often happens. States with Republican-led legislatures typically loosen gun restrictions after mass shootings; states with Democratic legislatures typically don’t act.

Read the full article.

There’s a special place in hell for people who run companies whose stock rises when little children are murdered https://t.co/xfeg6mCuoh

— Robert Maguire (@RobertMaguire_) May 26, 2022