Guns For Sale: Under Trump, Will Firearm Purchases Go Up Or Down?
March 17, 2017
Gun owners were thrilled with Donald Trump’s election in November. So were short sellers of gun stocks.
Trump’s surprise victory on Nov. 8 turned gunmaker shares, one of the most profitable investments under his predecessor, Democrat Barack Obama, into a top money-maker for traders who take a gamble on falling stock prices.
Shares of firearms makers Sturm Ruger & Company (RGR.N), American Outdoor Brands Corp (AOBC.O) and Vista Outdoor Inc (VSTO.N) are down by between 17 percent and 47 percent since Election Day.