Orlando Nightclub Shooting: Gunmakers Smith & Wesson (SWHC), Ruger (RGR) Shares Surge In Early Trading
UPDATE: 9:55 a.m. EDT — Two major U.S. gun manufacturers saw shares rise Monday after the opening bell in New York. Smith & Wesson Holding Corp. (NASDAQ:SWHC) gained $1.31, or 6.12 percent, by 9:50 a.m. EDT. Sturm, Ruger & Co. (NYSE:RGR) was up $4.44, or 7.74 percent.
On the London Stock Exchange, the global security giant G4S saw shares drop by 5.02 percent after it emerged that the company had employed Orlando gunman Omar Mateen, who killed 49 people in a gay Florida nightclub. Police later shot and killed Mateen.