Several youth groups, including those formed by students at the Marjory Stoneman Douglas High School, have started to rally in different locations across the country in an effort to stress the importance of gun control. A group called Teens for Gun Reform, which was organized by students through Facebook staged [more]
The FBI has recently released the official FBI NICS Background Check data for January 2018 and it looks like the country's gun sales are continuing its steady decline. According to the recently published data, estimated firearms sales last month fell by 8 percent. Dealers across the country managed to process [more]
The Federal Bureau of Investigation has reportedly sent a request for agents of the Bureau of Alcohol Tobacco Firearms and Explosives to retrieve more than 4,000 firearms that were purchased last year. The guns to be confiscated are from owners who should have been prohibited from acquiring them in the [more]
The United States Air Force has announced that it has already launched an investigation to find out why the criminal records for Devin Patrick Kelly, the shooter who killed 26 church-goers in Sutherland Springs, weren't forwarded to the FBI National Instant Criminal Background Check System. According to application forms acquired [more]
Sutherland Springs, Texas - A lone gunman opened fire inside a church during service in a small town in Texas killing at least 26 people and injuring 20 others. The gunman was later identified as 26-year old Devin Patrick Kelley, a former member of the US Air Force. Kelley had [more]
Gun-related shooting incidents have historically caused sudden spikes in firearm sales. The latest incident in Las Vegas, which has been described to be one of the deadliest in the country's history, seems to follow the morbid trend as citizens flock to gun stores to stockpile firearms in case of a [more]
Despite the previously released August data from the National Instant Criminal Background Check System (NICS), it seems like gun manufacturers were not experiencing that bad of a month as some people would have been led to believe. According to reports, the dip in the number of checks in recently released data may have been caused by an apparent delay in re-checks that were ordered by the FBI themselves.
The recently unveiled data from FBI NICS revealed that there were a total of 1,853,815 checks for August. The number of checks was in itself a new August record for the department, but it strangely also marks the first time in the history of the U.S. run system where the number of checks have declined month-over-month. This is of course based on the 2,197,169 background checks that was reported for the month before.
A report from Seeking Alpha however revealed the truth behind this perceived decline and found out that the decline in the number of background checks may have been caused by what is being referred to as the “Kentucky Anomaly.” The cause of the dip was traced back to the state of Kentucky, which reported a decline of 300,000 checks from their normal numbers.
Upon further investigation, reporters were able to get a statement from the FBI who mentioned that they actually asked Kentucky to “delay their permit re-checks for a few days due to the implementation of new NICS in early August.” It was then concluded that the “Kentucky Anomaly” was responsible for the slowdown in the number of checks in August contrary to the market’s perceptions.
The findings were further corroborated with the numbers being reported by companies such as Smith & Wesson, which came in more than 57 percent upside to current quarter EPS just before the NICS data was announced.