Gun, Ammo Stock Drops Now That Trump is President-Elect

By Beth Baumann

During the 2016 election, gun control measures were hotly contested across the country. The fear of a Hillary Clinton presidency had firearm owners flocking to gun stores to stock up. The firearms industry was seeing a boom, as evidenced by increasing NICS numbers.

According to Sturm, Ruger, & Co. their Q3 earnings rose 34 percent since the same time period last year. The gun manufacturer earned $161.4 million over the summer, a phenomenon they contribute to the 2016 election cycle.

Once last night’s race was called for Donald Trump, stock in the gun manufacturing industry began to tank. Smith and Wesson saw a 16 percent plummet while Sturm, Ruger & Co. saw a 12 percent drop – the largest decline since February 2014.

Because Hillary Clinton was proposing drastic gun control measures – like expanding background checks and reinstating the assault weapons ban – gun owners were buying guns and ammo in mass. Now that Trump is president-elect, gun owners are breathing a sigh of relief. The fear and concern that ravished the gun community has slightly subsided.

Ammunition sales, on the other hand, have varied.

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Source:: Bearing Arms