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U.S. Gun Stocks Surge, Sturm Ruger Results Give Bulls Fresh Ammo

U.S. Gun Stocks Surge, Sturm Ruger Results Give Bulls Fresh Ammo

Shares of gun makers surged on Tuesday after Sturm Ruger & Company Inc's quarterly results suggested demand is recovering following a steep sales drop after the election of Donald Trump as president. Sturm Ruger shares jumped as much as 16 percent and were still up 10 percent at $63.15 in afternoon trading. Shares of Smith & Wesson's owner, American Outdoor Brands Corp , were up 4.4 percent at $21.95.