Big tech might be thriving thanks to the coronavirus pandemic, but the firearms industry is experiencing even faster growth as Black Lives Matter (BLM) protests grip the US. Shares in weapons giants Smith & Wessen, and Sturm Ruger & Co have surged since the first BLM rallies on May 30, up 27% and 14% respectively as of Tuesday’s market close. Taser’s Axon has risen 5%, as has ammo and gun retailer Vista Outdoors. Traders have even flocked to the Olin Corporation, which makes the popular Winchester brand of firearms. Olin stock rallied by more than 9% this week, while the…
This story continues at The Next Web
from The Next Web https://ift.tt/3gMK292
No comments:
Post a Comment