Summary: 2020 has been a breakout year for firearm sales, amid the COVID-19 pandemic and the regular uptick in buying that has preceded all of the last 3 Presidential elections. The number of first time gun-owners is rising quickly, injecting renewed optimism into the firearms market. Recent rioting and looting that took place across the nation amid protests opposing brutality and systemic injustice in America’s policing institutions has caused the stocks of many gun manufacturers to surge again in recent weeks, even though it remains to be seen how those will affect actual sales figures.
Related Stocks: Sturm, Ruger & Company, Inc. (RGR), Smith & Wesson Brands, Inc. (SWBI), Vista Outdoor Inc. (VSTO), Olin Corporation (OLN)
To read this Market Insight, you’ll need to sign in
If you don’t have a subscription, sign up or start a free trial .