Gun stocks jump as Democrats on cusp of Senate control

Big 5 Sporting Goods

06/01/2021 18:45

** Shares of gun makers jump as Democrats on brink of
winning the U.S. Senate, which would give them control of
Congress  urn:newsml:reuters.com:*:nL1N2JH0OO
    ** Gun owners and first-time buyers accelerated purchases
ahead of a potential clean Democratic election sweep,
anticipating stricter legislation
    ** Smith & Wesson   SWBI.O  pops 13.2%, on pace for biggest
daily pct gain since Sept 1 and Sturm Ruger & Co Inc  RGR.N 
rises 8.4% on Weds on pace for biggest daily pct gain since June
1
    ** Shares of ammunition and outdoor products seller Vista
Outdoor  VSTO.N  gain 13.3% and at nearly 3-yr high
    ** Firearms shares benefited last year amid COVID-19 fears
and civil unrest
    ** In 2020, SWBI soared 149% and RGR climbed 47%, while VSTO
more than tripled

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com))