Gun stocks rise after New York subway station shooting

Outdoor Holding

12/04/2022 16:29

** Gun stocks rise after multiple people were shot and at
least 13 were injured on Tuesday in a New York City subway
station  urn:newsml:reuters.com:*:nL2N2WA114
    ** Smith & Wesson's  SWBI.O  rises 2.7%, Sturm Ruger & Co
Inc's  RGR.N  gains 1.8%
    ** Shares of ammunition and outdoor products seller Vista
Outdoor  VSTO.N  adds 3.4%
    ** Ammunition and munitions provider Ammo Inc  POWW.O 
advances 1.6%
    ** Calls for gun control measures following many previous
mass shootings have pushed firearm stocks higher due to bets
that people might stock up on guns in anticipation of stricter
rules
    ** Separately, gun makers SWBI and RGR are slated on Tuesday
to urge a federal judge to toss a novel lawsuit Mexico filed in
August seeking $10 bln from them for facilitating the
trafficking of weapons to drug cartels, leading to thousands of
deaths in the country  urn:newsml:reuters.com:*:nL2N2W91KL

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))