You are here: Home » International » News » Markets
Business Standard

Gun stocks rise after shooting

Olin, the maker of Winchester ammunition, rose as much as 5.1 per cent to $36 on Monday morning, the biggest intraday gain since February 21

Polly Mosendz & Kyle Stock | Bloomberg 

The grim predictability of stock-market reactions to US mass shootings—where before a final tally of casualties can be reached, shares of gun makers rise—continued Monday in the wake of a Las Vegas attack that killed at least 50 and wounded hundreds more.   Historically, gun stocks have experienced a bump after a mass shooting for reasons both political and emotional. Gun sales typically rise over concerns that a deadly event could lead to more stringent gun-control legislation. An additional driver of sales, and by extension shares, is the rush by some consumers to ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, October 03 2017. 03:10 IST
RECOMMENDED FOR YOU