Stocks of gunmakers and law-enforcement related equipment jumped on Monday after this weekend’s violent nationwide protests following the death of George Floyd, a black Minneapolis man who died after a white police officer pinned him on the ground by his neck for over eight minutes.
Sturm Ruger and Smith & Wesson were both up over 10% in early trading, with the latter spiking nearly 30% at first print vs. Friday’s close.
Related industries shot higher as well on Monday, including law-enforcement providers ShotSpotter, Vista Outdoor, Sportsman’s Warehouse Holdings, body-cam maker Digital Ally, Inc., and nonlethal restraint company Wrap Technologies, Inc.
And with word that Antifa is planning to invade the suburbs next (the last tweet before one of their primary accounts was suspended), ADT home security stock is spiking as well – up more than 12% as of this
Meanwhile, here’s a chart of the latest FBI background check information, which will be updated later today. Anyone care to guess what the next leg will look like?