Chase Stevens/Las Vegas Review-Journal Via Ap
David Becker/Getty Images
Chase Stevens/Las Vegas Review-Journal Via Ap
John Locher/Ap Photo
Powers Imagery/Ap
Ethan Miller/Getty Images
Chase Stevens/Ap
Chase Stevens/Ap
David Becker/Getty Images
Ronda Churchill/Ap Photo
John Locher/Ap
David Becker/Getty Images
David Becker/Getty Images
David Becker/Getty Images
John Locher/Ap
David Becker/Getty Images
David Becker/Getty Images
Ethan Miller/Getty Images
David Becker/Getty Images
Chase Stevens/Las Vegas Review-Journal Via Ap
David Becker/Getty Images
David Becker/Getty Images
Ed Andrieski/AP
Chase Stevens/Las Vegas-Review Journal Via Ap
Chase Stevens/Las Vegas Review-Journal Via Ap
Chase Stevens/Las Vegas Review-Journal Via Ap
John Locher/Ap
John Locher/Ap Photo
Ethan Miller/Getty Images
Ap Photo/John Locher
John Locher/Ap Photo
Steve Marcus/Reuters
David Becker/Getty Images
David Becker/Getty Images
David Becker/Getty Images
John Locher/Ap
Steve Marcus/Reuters
David Becker/Getty Images
Ap Photo/John Locher
Powers Imagery/Ap
Marcus Yam/Tns
David Becker/Getty Images
Mass shootings mean more money for gunmakers.
The stocks of firearm manufacturers surged Monday following the worst mass shooting in American history.
In a familiar pattern, widespread outrage at the Las Vegas shooting that left at least 59 dead and over 500 wounded prompted investors to buy shares in Sturm, Ruger and Outdoor Brands, the parent company of Smith & Wesson.
Sturm, Ruger jumped $1.80, or 3.5%, to $53.50 and American Outdoor Brands rose 49 cents, or 3.2%, to $15.74.
The two companies are the largest gun manufacturers in the country.
Investors anticipate that calls for reform of the nation’s gun laws will lead to a surge in gun purchases.
Similar spikes occurred following the Pulse nightclub massacre in June 2016, as well as the San Bernardino mass murders in December 2015.
An analysis by CNBC found that Ruger shares rise an average of 2.9% the month after mass shootings. Smith & Wesson shares spike an average of 5.4% following a gun-fueled bloodbath.
The analysis examined the month following 32 mass shootings since the attack at Columbine High School in April 1999.
Overall, gun stocks are down under President Trump compared to President Barack Obama.