Sunday, October 8, 2017

The Stock Market's Reaction to the Las Vegas Shooting

In the wake of a mass shooting, it is sometimes hard to think about investing or the markets. Because of this people may not know the effects these events put on the markets. After a mass shooting, gun companies go up, and usually by a large margin. RGR - Sturm, Ruger & Company, Inc. moved up a total of 5.5%, two days after the tragedy. OLN - Olin Corporation, the owners of Winchester, rose 6.7%, and AOBC - American Outdoor Brands Corporation, lifted 5.5%. After such a tragedy, why do these stocks go up?

Bump Stocks

Bump stocks (as in the stock of a gun) are a recent example of why they go up. A bump stock is an alteration to a semi-automatic gun that allows the user to fire much faster than they otherwise could. The Las Vegas shooter had these devices on some of the weapons he possessed in his hotel room. Fully automatic weapons are illegal under federal law, but these bump stocks are a work around the weapons industry has created to try to fill the void. They work by allowing the gun to essentially pull the trigger for you. When a gun equipped with the bump stock is fired, the recoil is used to shoot the next bullet. The user does not need to hold down the trigger...

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Submitted October 08, 2017 at 01:41PM by BR-Technicals http://ift.tt/2g33LqA

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