Gun shares rise as Biden plans speech after series of mass shootings

Outdoor Holding

02/06/2022 18:33

** Gun shares move higher in early afternoon trade as
President Biden to deliver primetime address to the nation on
guns Thurs evening
    ** Biden's planned remarks follow string of mass shootings
in recent weeks at grocery story in New York, an elementary
school in Texas and a medical clinic in Oklahoma on Weds
 urn:newsml:reuters.com:*:nW1N2T807Q  urn:newsml:reuters.com:*:nL1N2XP1GT
    ** Shares of Smith & Wesson  SWBI.O  recently up 4.3% and
Sturm Ruger & Co's  RGR.N  stock up 2.1%, adding to earlier
session gains
    ** Ammunition and outdoor products retailer Vista Outdoor
 VSTO.N  up 1.5%, and firearms seller Sportsman's Warehouse
 SPWH.O  up 2.7%
    ** Ammunition and munitions supplier Ammo Inc  POWW.O  up
3.1%
    ** Calls for gun control measures in wake of prior mass
shootings have boosted firearm stocks higher on bets people
might stock up on guns in anticipation of stricter regulations 

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))