Gun stocks jump after Texas elementary school shooting

Outdoor Holding

25/05/2022 15:41

** Gun stocks jump after teenage gunman murdered at least 19
children and two teachers at a Texas elementary school on Tues,
nation's worst school shooting in about a decade  urn:newsml:reuters.com:*:nL2N2XG2PC
    ** Smith & Wesson  SWBI.O  shares up 9.3%, Sturm Ruger &
Co's  RGR.N  shares up 3.9%
    ** Shares of ammunition and outdoor products retailer Vista
Outdoor  VSTO.N  up 8.5%
    ** Ammunition maker Ammo Inc  POWW.O  up 5.6%
    ** Firearms-related stocks tended to climb in wake of mass
shootings on expectations that people might boost gun ownership
in anticipation of increased regulation
    ** President Joe Biden urged Americans to pressure Congress
to pass sensible gun laws after the Texas massacre  urn:newsml:reuters.com:*:nL2N2XG2SX

 (Reporting by Lance Tupper and Bansari Mayur Kamdar
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))