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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 purchase guns ...

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First Published: Tue, October 03 2017. 03:10 IST