Shares of America’s two major public gun manufactures jumped over 5% in premarket trading and continued to rise Monday following Saturday's assassination attempt on former President Donald Trump. After years of record gun sales, ammunition makers appear particularly poised to take advantage of a potential rise in demand following the most serious attempt to assassinate a president or presidential candidate in over four decades.
At the time of publication, the stock price of Massachusetts-based gunmaker Smith & Wesson had risen over 11% from Friday’s close of $14.02, with prices briefly peaking above the $16 mark. Shares of Connecticut gun manufacturer Sturm, Ruger & Company initially surged over 10%, eventually trading about 6% up from its Friday close at $41.36.
