Gunmakers see stock price increases in days after riots at US Capitol

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Gunmakers see stock price increases in days after riots at US Capitol

Firearm sales reached an all-time high in 2020 as Americans anticipated the possibility of additional gun control measures under a Joe Biden admini

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Firearm sales reached an all-time high in 2020 as Americans anticipated the possibility of additional gun control measures under a Joe Biden administration.

In 2021, gun sales could be in for another banner year given investors’ reaction to the Capitol riots.

The stocks for several major gun manufacturers have risen sharply after rioters supporting President Donald Trump stormed the Capitol building Wednesday and interrupted certification of Biden as the next president.

While gun sales data in the time since the violence is not yet available, the stock price increases for gunmakers suggest investors believe 2021 will be another strong year.

The movement also comes amid concerns about further violence as Inauguration Day approaches Jan. 20. 

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