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...Remington made the AR-15-style semi-automatic rifle used in the 2012 Sandy Hook school shooting. The company filed for bankruptcy in mid-2020 for a second time in two years....
...Having said that, shares in the manufacturers of handguns, shotguns and “modern sporting rifles” such as the old AR-15 had a pretty good run from July 2020 to early this year....
...Gunmakers including Vista, Smith & Wesson and Sturm, Ruger have all enjoyed higher sales and stronger share prices on the back of the soaring market....
...On its earnings call in July, Sturm, Ruger similarly attributed the appetite for its rifles, revolvers and pistols to concerns about personal protection in the context of “protests, demonstrations and civil...
...Among other things, Remington makes the AR-15-style semi-automatic rifle used in the 2012 Sandy Hook school shooting. The company still faces an expensive lawsuit from the families of the victims....
...Shareholder resolutions have passed at Ruger and American Outdoor mandating corporate gun safety reports....
...Sturm, Ruger & Co. was up 2 per cent....
...A nearly identical resolution was passed in May at rival Sturm & Ruger, with BlackRock, Vanguard and State Street Global Advisers all voting in favour....
...For decades the self-styled “arms maker for responsible citizens” has been one of the largest gunmakers in the US, selling many billions of dollars worth of rifles, revolvers and pistols....
...Meanwhile Sturm, Ruger & Co shares are off 1.3 per cent, while shares in Vista Outdoor are up more than 20 per cent....
...Shares in Sturm Ruger extended earlier declines to trade down 3.9 per cent at a five-month low of $47.05, while American Outdoor Brands, previously known as Smith & Wesson, was down 4.4 per cent at $9.68...
...At the start of trading on Friday, Sturm Ruger was down 1.6 per cent to $48.20, American Outdoor Brands — formerly known as Smith & Wesson — was off 3.7 per cent to $9.74 and Vista Outdoor was off 0.4 per...
...Sturm Ruger was down 6 per cent, while Vista was unchanged....
...BlackRock owns 16.9 per cent of Sturm Ruger; 11.1 per cent of American Outdoor Products; and 12.7 per cent of Vista Outdoor....
...New product sales made up 30 per cent of sales in Sturm Ruger’s latest quarter, including two new pistols and a precision rifle. “It really is a buyer’s market out there right now....
...Shares in Sturm Ruger & Co, the largest US gunmaker, were down 5.3 per cent in afternoon trading on Wednesday. Shares in Dick’s were trading 8 per cent higher....
...murder of 17 people at the Marjory Stoneman Douglas High School in Parkland, north of Miami, by a former student has galvanised those supporting tougher restrictions on weapons, especially semi-automatic rifles...
...At the end of December, Capital had an 8.6 per cent stake in Sturm Ruger, while BlackRock owned 16.9 per cent and Vanguard 9.5 per cent....
...The fund — Government Pension Fund Global — almost halved its stake in Sturm Ruger, a maker of pistols, revolvers and rifles, to 1 per cent while it cut its holding in Vista Outdoor by a quarter to 0.7 per...
...Its AK-15 style rifle was used in the Parkland shooting where 17 people died....
...It and its main rival Vanguard are among the top shareholders of American Outdoor Brands as well as the other major publicly traded gun companies, Sturm Ruger and Vista Outdoor....
...It also noted that retailer demand had decreased as some had committed to certain product categories like modern sporting rifles ahead of the November elections....
...A resident with a rifle fired at the gunman, who was wearing a ballistic vest and carrying a Ruger AR assault rifle, and then pursued him in his car....
...The news also weighed on shares in Sturm, Ruger & Co, which fell 8.91 per cent to $65.24. The sell-off came alongside a modest decline in US markets....
...Remington made a rifle used in the Sandy Hook shooting. But given the increased demand for guns, other investors have quickly swooped in....
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