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.