Gun Stocks Plunge After Trump’s Win

Stock prices for certain U.S. gun manufacturers sharply declined since Donald Trump was elected president earlier this week. Sturm, Ruger & Co. and Smith & Wesson are among the gun stocks which have plunged by 20 percent since Trump’s improbable victory over Hillary Clinton, who was so reviled among the gun-rights community that firearms owners were driven to purchase even more weapons, pre-election, fearing that a Clinton presidency would compromise their ability to own certain firearms. In other words: increased fears of future gun-control measures increased gun-sales figures. “There was a widespread expectation that Hillary would win and some gun retailers began to stock up, expecting strong demand surge from the prospect of tightening gun control under a Hillary Clinton administration,” said Rommell Dionisio, a gun-industry analyst.