Sturm Ruger, Smith & Wesson Climb Following Orlando Massacre
- Demand for firearms typically rises after mass shootings
- Clinton calls for the return of ban on assault weapons
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Gunmakers’ shares jumped following the massacre at an Orlando, Florida, nightclub that left at least 50 people dead.
Sturm Ruger & Co. climbed 8.7 percent to $62.43 at 9:34 a.m. Monday in New York after gaining 8.9 percent, its most intraday since late February. Smith & Wesson Holding Corp. surged 10 percent $23.57 following a 12 percent advance, its biggest intraday increase since Jan. 5.