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Gateway Africa News Agencies
August 06, 2019
NEW YORK (Reuters) – US stocks of arms were traded Monday on the New York Stock Exchange, rising sharply following two shootings in the United States in the past two days, killing 30 people.
American Outdoors Brands, manufacturer of Smith & Wesson revolvers, grew by 7.5%, while Vista Outdoors, manufacturer of ammunition and other weapons-related products, grew by 2%. Starm Roger & Co. increased by 3.8%.
Sales of US arms and ammunition companies are booming in the aftermath of the mbad shootings, due to fears of restrictions as to the subsequent sale of weapons, which means that obtaining of a weapon will become more difficult, according to Bloomberg.
US President Donald Trump has called for a "thorough review of the context" of shooters and immigration reform, but has not mentioned the need to limit arms sales in his statements. after the incidents.
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