9:42 a.m. June 30, 2020
- By Tomi Kilgore
Gun maker stocks surge to multi-year highs Shares of gun and ammunition makers rallied toward multi-year highs Tuesday, as polls continue to show Joe Biden building a lead over President Donald Trump in a number of swing states. Analysts have said for guns, as fears of tighter regulations have boosted sales in the past. "Biden's swing-state lead, if it is maintained, provides numerous paths to an election win," Paul Christopher, head of global market strategy at Wells Fargo wrote in a note to clients. The latest Federal Bureau of Investigation data on firearm background checks for May rose more than 30% from a year ago for just since the FBI started providing the data in late-1998, and two months after the monthly record was reached in March. Shares of Sturm Ruger & Co. rallied 4.1% toward the highest close since March 2016 and Smith & Wesson Brands Inc. hiked up 5.5% toward the highest close since July 2017. Ammunition maker Vista Outdoor Inc.'s stock rose 1.9% toward the highest close since October 2018. Those stocks have bounced sharply off multi-year lows hit late last year, which followed long downtrends Trump's victory in the November 2016 election eased concerns over potential tighter regulations.
3:43 a.m. June 3, 2020
- By Tomi Kilgore
Gun stocks rally as continued surge in background checks, street violence stoke demand Sturm, Ruger shares soar to highest level since before Trump was elected; Smith & Wesson’s stock powers toward 19-month highShares of gun and ammo makers surged again Tuesday, as data showing a continued surge in firearm background checks and reports of another night of street violence helped fuel investor demand.
6:45 p.m. May 17, 2020
- Associated Press
Criminal investigation launched into explosion at Los Angeles hash oil manufacturer 12 firefighters injured in fiery blast; all expected to survivePolice and fire investigators launched a criminal probe Sunday into the cause of an explosion at a hash oil manufacturer in downtown Los Angeles that sent firefighters running for their lives.
12:12 p.m. May 9, 2020
- By Max A. Cherney
Gun maker Sturm Ruger details increased demand for firearms as COVID-19 spread in U.S. FBI data says that background checks required for gun sales jumped by over 1.5 million from the year before in March and AprilGun manufacturer Sturm Ruger & Co. Inc. shares rose to the highest level in a year this week after the company reported a spike in distributor sales to retailers amid increased demand for guns as the COVID-19 pandemic spread across the world.