In the wake of the terrorist attack in Orlando, Florida, Sunday, traders sought to buy stock in gun manufacturers, according to the Fox Business Network.
FBN reported, “Smith & Wesson rallied 6.9 percent to $22.88, and Ruger jumped 7.9 percent to $61.93. Vista Outdoor (VSTO), which owns Savage Arms and Federal Premium ammunition, rose 2.3 percent to $48.11.”
— FOX Business (@FoxBusiness) June 13, 2016
According to the outlet, “Gun stocks have widely outperformed the broader market during President Barack Obama’s time in office.”
Sunday’s attack at a gay nightclub in Orlando left 49 people dead and 53 injured.
Following the attack, presumptive Democratic presidential nominee Hillary Clinton called for the reinstatement of the 1994 assault weapons ban signed into law by her husband, former President Bill Clinton.
“Florida doesn’t regulate assault weapons. … It doesn’t require a permit to purchase a gun, it doesn’t require any registration whatsoever. It doesn’t require gun owners to be licensed, and it doesn’t require a permit to carry a shotgun or a rifle. … It doesn’t even require a background check prior to the transfer of a firearm between non-federally licensed parties,” Clinton told CNN.
Presumptive Republican presidential nominee Donald Trump told CNN, “If you had some guns in that club the night that this took place, if you had guns on the other side, you wouldn’t have had the tragedy that you had.”
“If you had guns in that room, if you had, even if you had a number of people having them strapped to their ankle or strapped to their waist, where bullets could have flown in the other direction right at him, you wouldn’t have had the same kind of a tragedy,” Trump said.