Las Vegas shooting sees gun company shares SOAR after massacre


Las vegas gun shares stocks GETTY / REUTERS

Investors give someone the cold shoulder up the share price of gun manufacturers

The worst mass shooting in US history prompted investors to buy quotas in American Outdoor Brands, owner of Smith & Wesson firearms and Gemtech silencers, as swell as Sturm, Ruger & co.

Stocks initially surged by as much as seven per cent.

Dials for a crackdown on gun ownership in the US has intensified in the wake of the massacre, meaning there is like as not to be a surge in sales from people fearing increased restrictions.

The forewarning to purchases has previously prompted a rush to buy weapons before any new rules are announced.

Paul Christopher, head global market strategist at the Spouts Fargo Investment Institute, told the BBC gun sales had jumped after 9/11 and other demon attacks, as well as the 2008 and 2012 presidential elections.

Following the Las Vegas slay which left at least 59 people dead and more than 500 ill-treated, celebrities and politicians, including Kim Kardashian and Gigi Hadid have petitioned for tougher gun laws.

Former vice president Joe Biden wrote: “How yearn do we let gun violence tear families apart? Enough. Congress & the WH should act now to salvage lives. There’s no excuse for inaction.”

Hillary Clinton wrote: “Our grief isn’t adequacy. We can and must put politics aside, stand up to the NRA, and work together to try to stop this from episode again.”

Lady Gaga took to social media and said “blood is on the shackles” of those who have the power to legislate for gun control.

Senator Elizabeth Warren wrote on Titter: “Tragedies like Las Vegas have happened too many times. We dire to have the conversation about how to stop gun violence. We need it NOW.”

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