Shares in Gun Manufacturers Surge Following Assassination Attempt on Former President Trump

Shares in gun manufacturers surged on Monday following the assassination attempt on former President Donald Trump. Smith & Wesson Brands closed up 11%, while Sturm, Ruger & Co. rose 5%. Both companies produce a range of firearms, including the type used in the attack at a Trump rally in Pennsylvania.

The increase in stock prices for these arms manufacturers is not uncommon after events that could potentially lead to increased domestic unrest or stricter gun control measures. However, experts caution that these spikes in stock value may not necessarily translate to increased sales.

Steve Sosnick, chief strategist at Interactive Brokers financial group, emphasized that the long-term impact on gun sales remains to be seen. He noted that the companies’ financial performance ultimately determines their success in the market.

While gun sales saw a surge during the pandemic, they have since declined as the economy reopened. The recent events involving Trump may influence firearms sales in the future, but the true impact will only be revealed in the companies’ upcoming financial reports.

In addition to gun manufacturers, shares in Trump Media & Technology Group also saw a significant increase on Monday. The trading of its stock has been driven by headlines and remains volatile, as Trump is the largest shareholder in the parent company of Truth Social.

As the situation continues to unfold, investors and analysts will be closely monitoring the financial performance of these companies to gauge the lasting effects of the recent events.