Firearm, ammunition stocks up on higher odds of pro-gun Trump's election victory

Outdoor Holding

15/07/2024 12:51

** Shares of firearm and ammunition stocks, including Smith
& Wesson Brands  SWBI.O , Sturm Ruger & Company  RGR.N  and Ammo
 POWW.O , up between 3.9% and 7.2% premarket
    ** Donald Trump's chances of winning back the White House
increased after the former U.S. President was shot in the ear
during his election rally in Pennsylvania on Saturday
    ** "Market is pricing in Trump win meaning less gun
control," says Dennis Dick, an investor at Triple D Trading
    ** Up to last close, SWBI up ~3%, RGR down 9% and POWW down
~21% this year

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))