Security stocks surge as SCOTUS overturns Roe v. Wade

Wrap Technologies

24/06/2022 17:00

** Shares of security firms jump after U.S. Supreme Court on
Fri overturned 1973 Roe v. Wade abortion landmark ruling
 urn:newsml:reuters.com:*:nL1N2YB15Z
    ** Last week, barricades were erected around the court in
Washington as the scene has become more tense following protests
and threats against some of the justices  urn:newsml:reuters.com:*:nL1N2Y12ME
    ** Shares of police body camera maker Digital Ally  DGLY.O 
up 17.1%, paring earlier gains. Trading volume of 4,827,069
shares compares to 10-DMA of 250,925, per Refinitiv data
    ** Wrap Technologies Inc  WRAP.O , which makes equipment for
police as well as training systems, up 46.0%. Co's stock jumped
as much as 89% on the session
    ** Shares of other security plays also rise: Vislink
Technologies  VISL.O  6.7%, Cemtrex  CETX.O  4.3%
    ** Firearms stock Smith & Wesson  SWBI.O  gains 11.5% and
Sturm Ruger & Co Inc  RGR.N  lifts 3.2%
    ** SWBI slipped early Fri after it reported Q4 sales slump
of ~44% on slowing demand  urn:newsml:reuters.com:*:nL4N2YB1VG
    ** Gun stocks tend to rise amid civil unrest and conflict
 urn:newsml:reuters.com:*:nL1N2M51SG

 (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))