• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Shares in gun manufacturers soar after Trump assassination attempt

by July 17, 2024
written by July 17, 2024

Shares in gun manufacturers jumped Monday in the wake of the assassination attempt on former President Donald Trump.

Smith & Wesson Brands closed up 11%, while Sturm, Ruger & Co. rose 5%. Both firms make pistols, revolvers, hunting rifles and semiautomatic rifles like the one used in the shooting at a Trump rally in Pennsylvania on Saturday. Officials have not yet released information about who manufactured the gun.

In recent years, arms companies’ shares have tended to see short-term increases in the wake of political and legal decisions seen as potentially leading to increased risk of domestic turbulence or which could be interpreted as heralding potential crackdowns on firearms ownership that would lead people to stockpile them.

But Steve Sosnick, chief strategist at Interactive Brokers financial group, said such stock moves are more often than not simply knee-jerk reactions by traders to current events and do not necessarily signal that more sales will occur.

‘The question is does their stock rally persist, or does it fade,’ Sosnick said. ‘We don’t know the lasting effect and won’t really know until they make some sort of public comment or report their quarterly earnings.’

The arms companies are still ultimately evaluated on their overall financial performances and have accordingly had diverging outcomes in recent years. Smith & Wesson’s share price has about doubled since December 2022, while Ruger shares are down 10% over the same period.

Gun sales for Ruger and Smith Wesson surged during the pandemic but have generally declined as the economy reopened.

‘It’s hard to escape [financial] fundamentals over the longer term,’ Sosnick said. ‘So if there’s a perception that the weekend’s events could spur firearms sales, that’ll be borne out over time. We’ll know the answer when these companies report next.’

Shares in Trump Media & Technology Group also soared Monday. Trading in its stock has also been headline-driven and remains highly volatile. Trump is the largest shareholder in Truth Social’s parent company.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Traders see the odds of a Fed rate cut by September at 100%
next post
Scalise to focus on Trump’s compassion in RNC speech, says assassination attempt brought back 2017 ’emotions’

related articles

Paramount acquires Bari Weiss’ The Free Press, naming...

October 7, 2025

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025

Trump says U.S. will impose new tariffs on...

September 29, 2025

Former Fed chairs warn that removing Lisa Cook...

September 27, 2025

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

The charm of watching movies in theaters is...

September 25, 2025

Ben & Jerry’s co-founder resigns, claiming parent company...

September 18, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’

    April 11, 2025
  • ‘Baby steps’: Leader Thune details his work to corral Republicans behind Trump’s legislative vision

    June 22, 2025
  • Maurene Comey sues DOJ for ‘unlawful’ firing, demands reinstatement

    September 15, 2025
  • Trump fans endure frigid temps, sleet and snow for a chance to see president-elect

    January 20, 2025
  • Trump, Hegseth to announce ‘golden dome’ missile defense plan, US official says

    May 20, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,285)
  • Investing (634)
  • Stock (936)

Latest Posts

  • Long AMAT: Applied Materials Shows Bullish Reversal at Major Support, Targeting Midpoint of Recent Bearish Impulse

    July 23, 2024
  • Donatella Versace steps down as head of Italian fashion house

    March 13, 2025
  • Watch: Bernie Sanders reacts to Trump’s Iran strikes in real time at ‘Fighting Oligarchy’ rally

    June 22, 2025

Recent Posts

  • U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

    February 19, 2025
  • Biden issues sweeping offshore oil, gas drilling ban in 625M acres of federal waters ahead of Trump transition

    January 6, 2025
  • Trump nominates former defense attorney Emil Bove for federal appeals court vacancy

    May 28, 2025

Editor’s Pick

  • Johnson says Republicans ‘don’t have time’ to craft new Trump plan despite Musk’s call to ‘KILL the BILL’

    June 4, 2025
  • IRS plans to pay 1 million taxpayers up to $1,400. Here’s how to check if you’re eligible.

    December 24, 2024
  • House investigators nix Mueller testimony in Epstein probe over health concerns

    August 29, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock