Pandemic, Protests Triggering Gun Sales To Shoot Up Unlisted Video
3 years ago
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Business Insider reports that compared to the same period in 2019, US gun sales skyrocketed in April and May.
Analysts say the ongoing civil unrest across the country could be behind the surge.
Furthermore, a win by presumptive Democratic presidential nominee Joe Biden in November, and resulting stricter gun laws, could also boost demand.
The largest gun manufacturers have easily outperformed the benchmark S&P 500 index since its most recent low on March 23rd.
Smith & Wesson Brands is up 72%, with Sturm Ruger and Vista Outdoor up 52% and 40%, respectively, compared with the index's 37% gain.
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