After Anti-Gun Marches, Gun Sales On The Rise

 

Reports showed again and again… applications for firearms are rising after other mass shootings in Aurora, Colorado and Phoenix, Arizona as people seek guns as a means of protecting themselves, their properties and families.

Many people are surging to sign up for classes, to carry concealed weapons in the wake of the Parkland school shooting, as analysts say sustained media coverage and calls for more gun control, encourage people to look for more ways to protect themselves. Gun sales also appear to be on the rise, based on federal background checks. National Carry Academy in Mineapolis, says the number of people in its concealed carry courses has increased more than 200 % since the Valentine’s Day shooting at Marjory Stoneman Douglas High School in Florida. This company said it was the biggest jump since the 2012 school shooting in Newtown-Connecticut.

“We’re seeing just a lot of interest and a lot of people taking the class, more than ever before, even more than previous mass shootings that have happened or election cycles and stuff like that.” Mr. Tim Schmidt the president and founder of the U.S. Concealed Carry Association, said February 2018 was one of the biggest months, if not the biggest, in the group’s history for membership numbers and interest in its training. And he estimated, that new memberships have increased by more than 50 % year over year amid sustained attention on guns following the massacre at Stoneman-Douglas that save the lives of 17 people.

In the first nine months of 2017… 15.6 milions of the background checks needed to purchase guns, from federally licensed sellers have been processed compared with the 15.5m applications in the same period in 2016. The rising sales have had a positive impact on earnings for some companies, like Smith & Wesson and Sturm, Ruger & Co, the two largest publicly traded gun manufacturers in America. The companies have significantly outperformed the S&P 500 and the Dow Jones Industrial Average, with Smith & Wesson’s stock up by more than 73 % in 2017, while Sturm has increased by 63%.

Viktor Trifun

 

 

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