Tuesday, February 27, 2018

U.S. gun, ammo stocks fall since Trump's election

Gun and ammunition makers fell out of favor with U.S. stock investors long before this month’s school shooting in Parkland, Florida posed a challenge to President Donald Trump’s support for the National Rifle Association. Shares of American Outdoor Brands Inc., maker of Smith & Wesson guns, fell 66 percent from Trump’s November 2016 election through Monday. Sturm Ruger & Co. slid 24 percent and Vista Outdoor Inc., which generates about half its revenue from ammo, dropped 53 percent. These losses contrasted with a 30 percent gain for the Russell 2000 Index, which includes all three stocks.

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