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Youth groups now calling for action and gun control following Parkland shooting

Youth groups now calling for action and gun control following Parkland shooting 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]

January 2018 NICS data reveals continuing drop in background checks and gun sales

January 2018 NICS data reveals continuing drop in background checks and gun sales 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]

FBI orders ATF agents to retrieve 4,000 guns from prohibited users

FBI orders ATF agents to retrieve 4,000 guns from prohibited users 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]

US Air Force failed to report Sutherland Springs shooter's conviction to FBI

US Air Force failed to report Sutherland Springs shooter's conviction to FBI 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]

26 killed in Texas church shooting, suspect later found dead

26 killed in Texas church shooting, suspect later found dead 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 sales and stock prices spike following Las Vegas shooting

Gun sales and stock prices spike following Las Vegas shooting 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]



Gun sales and stock prices spike following Las Vegas shooting

Las Vegas Shooting

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 sudden shift in gun control laws. Investors were also quick to respond to the tragic incident, leading to sudden spikes in gun manufacturer stocks.

 

Panic buying

Similar to the trend during previous gun-related shooting incidents, concerned citizens were quick to run to their nearest gun and sporting goods stores to purchase additional hardware. Most are likely anticipating a move from the different government agencies to impose stricter gun control laws. The incident itself has generated a new wave of calls for stricter gun control from different political parties, which does justify the apparent panic buying.

Conservative investments

Following the deadly incident on Sunday, which resulted in the death of at least 59 people and left over 520 other people injured, sudden spikes in the stock prices of firearm companies were observed throughout the week. Wall Street investors were quick to jump into the frenzy, which ultimately caused the rapid increase in the stock prices.

 

LAS VEGAS, USA – OCTOBER 5: People light candles, place figures and flowers at a makeshift memorial set up under the ‘Welcome to Fabulous Las Vegas’ sign for the Las Vegas mass shooting victims, who lost their lives after a gunman attack in Las Vegas, Nevada. (Photo by Bilgin S. Sasmaz/Anadolu Agency/Getty Images)

 

However, unlike the previous shooting incidents, the spike was observably conservative given that a there could be a small chance of a significant change in gun control legislation under a Trump administration. A few days after the shooting, President Trump neglected to answer questions regarding possible new gun laws and only mentioned that they will be discussed “as time goes by.”

Accessory shortage

Aside from handguns, ammo, and rifles, a shortage of “bump stock” supplies is being reported by various gun manufacturers and retailers. A “bump stock” is basically an accessory that allows a semi-automatic rifle to fire hundreds of rounds in just a few seconds by using the firearm’s own recoil energy. Fears of the accessory being banned likely lead to a huge increase in its sales, which in turn caused a shortage of the product across the country.

 

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