Gun stocks soar as Democrats near Senate control, protesters storm U.S. Capitol

Big 5 Sporting Goods

06/01/2021 20:18

(Updates)
    ** Shares of gun makers add to gains as Democrats on brink
of winning the U.S. Senate, which would give them control of
Congress  urn:newsml:reuters.com:*:nL1N2JH0OO
    ** This as pro-Trump protesters storm U.S. Capitol as
lawmakers debate election results, prompting police to fire tear
gas and order building evacuations  urn:newsml:reuters.com:*:nL1N2JH25T
    ** Gun owners and first-time buyers accelerated purchases
ahead of a potential clean Democratic election sweep,
anticipating stricter legislation    
    ** Smith & Wesson   SWBI.O  pops 21.5%, on pace for biggest
daily pct gain since Aug 2018, and Sturm Ruger & Co Inc  RGR.N 
rises 11.8% on Weds, on pace for biggest daily pct gain since
Sept 2017
    ** Shares of ammunition and outdoor products seller Vista
Outdoor  VSTO.N  gain 13.8% and at nearly 4-yr high
    ** Firearms shares benefited last year amid COVID-19 fears
and civil unrest
    ** In 2020, SWBI soared 149% and RGR climbed 47%, while VSTO
more than tripled

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com))