Gun stocks rates have increased on Monday, October 2, 2017, morning after the Las Vegas shootings. Over fifty people have died due to the recent shootings in Las Vegas. Reports are saying this is the deadliest shooting in the United States history.
A few different ammunition companies have had an increase in gun sales since the shootings on Sunday, October 1st, 2017. Some of the weapon companies include Smith & Wesson rose to three percent in gun sales as well as American Outdoor Brands, and Sturm Ruger had the more increase of gun sales by four and a half percent.
An older man in his mid-sixties opened fire across the street from the Mandalay Bay hotel on the Las Vegas Strip. There was a large concert taking place late Sunday night when Stephen Paddock shot at hundred of people enjoying a festival.
Gun Wielding Stephen Paddock Kills Over 50 People At Country Music Festival
Stephen Paddock killed fifty people when he opened fire on the large crowd at the concert. Reports are coming in saying that there are more than two hundred people injured. As of right now, police official says there is no link to this being a terrorist attack. The reason being, there is no lead to the man having a connection to terrorism. Police shot sixty-five year old Paddock down.
The recent rise in the stocks for guns is increasing because some gun owners and companies are preparing for firearm regulations to become tighter. Many people fear that own guns will become harder in America. Especially after the United States deadliest shooting in history. Another reason firearm sales are increasing is that people now will want more protection throughout the nation. Once the gun prices get higher, there will be a need for more guns. Thus, increasing the cost of purchasing one or more.