The following excerpt is from an article that originally appeared on Bearing Arms
With so many mass shootings over the last couple of months, it’s easy to believe that even with the massive Black Friday, there’s still little good news for the firearm industry. However, as news broke of national reciprocity being so close to becoming law, it appears that stocks for gun companies started rallying.
An impending vote on concealed carry reciprocity may have bumped share prices for major gun makers up 3 percent this week.
Stock for American Outdoor Brands — the holding company of Smith & Wesson — and Sturm, Ruger and Co. closed 3.55 percent and 2.87 percent higher Monday. Share prices for Vista Outdoor — owner of more than three dozen companies in firearms, ammunition and shooting accessories, including Savage Arms, Stevens, Federal Premium, Speer and American Eagle — likewise climbed more than 5.6 percent.
The market reaction follows chatter on Capitol Hill overpost was originally published on this site