Shares of a number of firearm and ammunition manufacturers have risen sharply since the deadly mass shooting at an elementary school in Uvalde, Texas, on May 24.
Smith & Wesson Brands stock rose 8.4 percent in the two days following the shooting incident which left 19 children and two adults dead, according to The Washington Post.
Shares of Sturm, Ruger & Co., the largest U.S. gun manufacturer by market cap, jumped around 5.7 percent, and ammunition maker Olin 3.8 percent. Meanwhile, Ammo Inc. stock surged more than 12 percent in the wake of the shooting.
Elsewhere, stocks of ammunition maker Vista Outdoor jumped 9 percent to $38.24 the day after the shooting, while American Outdoor Brands rose 6 percent to $11.12, according to The New York Post….