Trump's call for more gun regulation boosts firearm stocks [Reuters]
AMERICAN OUTDOOR BRANDS CORP (AOBC)
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Source: Reuters
Trump's call for more gun regulation boosts firearm stocks | Reuters 3 Min Read SAN FRANCISCO (Reuters) - Shares of gunmakers American Outdoor Brands and Sturm Ruger & Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week’s high school massacre in Florida. The Republican president’s tweets and comments were seen as increasing the possibility of greater curbs on gun ownership, fueling expectation that people might seek to stock up on guns in advance of any changes. Both of those sentiments had dipped since Trump was elected in November 2016 - illustrating a paradox under which a president viewed as more favorable to gun ownership can depress gun sales and shares in gunmakers. “What Trump has been saying is a complete surprise,” said Aegis Capital analyst Rommel Dionisio, who covers firearms makers. “The prevailing wisdom for Republican presidents is not to be pro gun control.” Under Democratic President Ba
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