Gun­maker shares surge

The Denver Post - - BUSINESS - The As­so­ci­ated Press

With all ma­jor mar­kets in a se­vere sell-off Mon­day, shares of com­pa­nies that make guns surged as new data pointed to strong sales at the close of 2015, a year marked by mass shoot­ings and new po­lit­i­cal pres­sure to tighten reg­u­la­tions. Pres­i­dent Barack Obama is slated to fi­nal­ize new ex­ec­u­tive ac­tions aimed at curb­ing gun violence and un­reg­u­lated sales.

Re­cently re­leased num­bers from the Na­tional In­stant Crim­i­nal Back­ground Check Sys­tem show that back­ground checks jumped about 38 per­cent last month com­pared with De­cem­ber 2014.

Shares of Sturm, Ruger & Co. rose 3 per­cent. Stock in the gun­maker hit a 52week high last month. Shares of Smith & Wesson rose al­most 6 per­cent Mon­day, one of the big­gest per­cent­age gains over the past year. Its shares hit an all-time high two weeks ago.

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