Smith & Wesson Soars to Eight-Year High on Gun Control Talk
- Weapon purchases also rise amid concern over personal safety
- FBI background checks for handguns surged in November
Is the Future of Gun Control State-to-State?
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Smith & Wesson Holding Corp. jumped to an eight-year high and Sturm Ruger & Co. climbed on investor expectations that gun enthusiasts will purchase more pistols and rifles as calls for restrictions increase.
The gunmakers’ shares have advanced in recent years in the wake of mass shootings like the one in California last week that have led to stepped-up efforts to restrict ownership. Sales for both companies have increased as people stockpile weapons in response to politicians’ demands for tougher legislation. The political efforts have all fizzled.