Gun Stocks Are Muted in Early Trading

The share prices of gun and ammunition companies often rise after mass shootings, with investors anticipating a spike in sales ahead of calls for stricter gun laws. But on Wednesday, the morning after a deadly shooting at an elementary school in Uvalde, Texas, premarket prices for major gun stocks were mixed, with Smith & Wesson up 1.5 percent, Sturm Ruger up 1 percent and Vista Outdoor down 1 percent.

Gun makers’ shares have generally risen since President Biden’s election, as they…

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