Gun stocks bounce after Texas shooting

By Christen Smith

Law enforcement officials works at the scene of a fatal shooting at the First Baptist Church in Sutherland Springs, Texas, Nov. 5, 2017. (Photo: Nick Wagner/Statesman.com via AP)
Stocks for major gun makers bounced up and down Monday as details of a mass shooting at a church in Texas made headlines nationwide.
Shares for Sturm, Ruger and Co. and American Outdoor Brands made four percent and two percent gains early in the day before falling back down to pre-shooting levels. It’s a common phenomenon market analysts anticipate as such incidents trigger political rhetoric about tightening gun regulations, thus fueling consumer demand.
Investigators say the accused gunman — 26-year-old Devin Patrick Kelley — dropped a Ruger AR-556 rifle in front of the First Baptist Church in Sutherland Springs, Texas after an armed neighbor confronted him, ending the attack Sunday that killed 26 people and wounded 20 others. Police found Kelley inside his car a few miles away from the church, dead from a self-inflicted gun shot wound to the head.
Kelley, a former airman, spent a year in military prison for a 2012 assault on his wife and stepson. He received a demotion in rank and a bad conduct discharge in 2014. His prior conviction

Source: Guns.com